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Carbon tax laggards may pay dearly, cautions environmental firm

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Cape Town - Some mid-sized companies not generally viewed as big polluters could end up paying more carbon tax than mining, manufacturing and metals-processing players with larger carbon dioxide (CO2) footprints, warns sustainability consultancy ERM South Africa. 

National Treasury previously indicated that a carbon tax will be implemented in early 2017. 

David Mercer, Durban-based technical director at ERM said in a statement that the initial phase of government's proposed carbon tax only covers fossil fuel combustion emissions, fugitive emissions and industrial process emissions. Sectors that will be most affected include electricity, mining and manufacturing.

“Proposed allowances create the theoretical potential for well-prepared companies with major exposure to reduce their tax bill to a level below that of somewhat smaller entities that fail to take advantage of government proposals."

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