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ANALYSIS | Business wants Treasury to ease up on carbon tax hikes. But is that a bad idea?

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Last year South Africa adopted a lower emission target - as part of efforts to decarbonise the economy.
Last year South Africa adopted a lower emission target - as part of efforts to decarbonise the economy.
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Business wants National Treasury to ease up on the steep carbon tax hikes proposed for the coming years, but that may compromise South Africa's ability to meet global climate commitments.

In a statement issued on Tuesday, apex business organisation Business Unity South Africa – as well as other associations such as Minerals Council South Africa, the South African Petroleum Industry Association and the Energy Intensive Users Group – issued a joint statement calling for adjustments to Treasury's Carbon Tax proposals.

South Africa is the 12th biggest carbon emitter in the world, mostly due to its fossil fuel-intensive energy industry. But last year, the country adopted a lower emissions target, which means annual emissions need to be limited to a range between 350 and 420 megatons of carbon dioxide equivalent by 2030.

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