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Act No. 15 of 2019
Act No. 15 of 2019 » Carbon Tax Act, 2019
Title
Act No. 15 of 2019 » Carbon Tax Act, 2019
Department
Parliament of the Republic of SA
Gazette
National Gazettes
, No.
42483
of 23 May, 2019, 67 page(s), 502Kb
Act
Act No. 15 of 2019
2 No. 42483 GOVERNMENT GAZETTE, 23 MAY 2019 Act No. 15 of 2019 Carbon Tax Act, 2019 (English text signed by the President) (Assented to 22 May 2019) ACT To provide for the imposition of a tax on the carbon dioxide (CO ) equivalent of 2 greenhouse gas emissions; and to provide for matters connected therewith. PREAMBLE SINCE the causality of the increasing of anthropogenic greenhouse gas emissions in the atmosphere and the global climate change has been scienti?cally con?rmed; AND SINCE it has consequently become necessary to manage the inevitable climate change impact through interventions that build and sustain South Africa’s social, economic and environmental resilience and emergency response capacity; AND SINCE it has also become necessary to make a contribution to the global effort to stabilise greenhouse gas concentrations in the atmosphere at a level that avoids dangerous anthropogenic interference with the climate system within a timeframe that enables economic, social and environmental development to proceed in a sustainable manner; AND SINCE the costs of remedying pollution, environmental degradation and consequent adverse health effects and of preventing, controlling or minimising further pollution, environmental damage or adverse health effects must be paid for by those responsible for harming the environment (the polluter pays principle); AND SINCE government is desirous to utilise a package of measures in an effort to address the challenges posed by climate change; AND SINCE this package of measures will be achieved by the deployment of a range of measures to support the system of desired emissions reduction outcomes, including the appropriate pricing of carbon and economic incentives, as well as the use of emissions offsets; AND SINCE government is of the view that imposing a tax on greenhouse gas emissions and concomitant measures such as providing tax incentives for rewarding the efficient use of energy will provide appropriate price signals to help nudge the economy towards a more sustainable growth path, B E IT THEREFORE ENACTED by the Parliament of the Republic of South Africa, as follows:—
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