A report in The Citizen quotes the Minister as saying: ‘Government proposes to price carbon by way of a carbon tax, at the rate of R120/ton of CO2 equivalent, from 1 January 2015.’ He said the impact of this would be softened by a tax-free exemption threshold of 60%, ‘with additional allowances for emissions intensive and trade-exposed industries’. An updated carbon tax policy paper would be published at the end of next month, Gordhan said. According to proposals in the 2013 Budget Review, the basic tax-free threshold of 60% will apply during the first phase of the implementation of carbon tax – from 2015 to 2020.
