scholarly journals South African Approach to Carbon Tax and Implications to the Cement Sector

◽  
2016 ◽  
Author(s):  
D.B.K. Rama ◽  
Keyword(s):  
South African ◽  
Carbon Tax

scholarly journals CARBON TAX: PROGRESS OR PLATITUDE FOR SOUTH AFRICA?

2013 ◽  
Author(s):  
Michele N Dempster
Keyword(s):  
Climate Change ◽  
South Africa ◽  
South African ◽  
Carbon Tax ◽  
Climate Change Policy ◽  
Ghg Emissions ◽  
Change Policy ◽  
Carbon Taxation ◽  
Petroleum Sector ◽  
Combat Climate Change

In light of the 2009 United Nations Copenhagen climate change conference, South Africa announced that in order to combat climate change it would commit to reducing domestic greenhouse gas (GHG) emissions by 34 per cent by 2020 and 42 per cent by 2025. Due to this commitment, a carbon tax will be implemented as from 1 January 2015. This market-based instrument has received broad attention sparking debate as industries most affected, namely Eskom and the petroleum sector, have rallied together in complaint. The main debate being that despite the politically ambitious commitment to reduce GHG emissions, little scientific, economic or comparative evidence has been given to show that an influence will actually be had on the amount of GHG emitted. The purpose of this article is not to provide a detailed analysis of the entire scope of the South African climate change policy. It focuses on the more limited issue of carbon taxation. This does not however mean that the numerous other competing policy options, which still beg for attention, are not viable or will not be implemented in the future.

scholarly journals Climate Change: A Comparison Of Market-Based Instruments From A South African Perspective

2013 ◽  
Vol 12 (4) ◽  
pp. 457 ◽  
Author(s):  
Suren Pillay ◽  
Pieter W Buys
Keyword(s):  
Sustainable Development ◽  
South African ◽  
Carbon Tax ◽  
Developing Economy ◽  
Cap And Trade ◽  
Advantages And Disadvantages ◽  
Key Characteristics ◽  
African Context ◽  
African Perspective ◽  
The Impact

This article aims to consider the relevancy of (i) cap-and-trade schemes and (ii) carbon tax schemes in a developing economy context. Even though both schemes have a common goal of reducing greenhouse gas emissions, they operate very differently, each with their own set of advantages and disadvantages. Sustainable developments comprise various elements categorised in three primary dimensions environmental, economic and social. The objective of reducing greenhouse gases via the implementation of carbon tax or cap-and-trade schemes primarily addresses the environmental dimension of sustainable development. Notwithstanding the aforementioned, the impact of both schemes on the economically sustainable development, including industry competitiveness and growth, still has to be determined. In South Africa, the National Treasury made a decision to implement carbon tax as opposed to cap-and-trade schemes. In this article, the reasoning behind their decision in favour of carbon tax in the South African context is critically considered, firstly by evaluating the key characteristics between cap-and-trade and carbon tax schemes and secondly by considering the effectiveness hereof in the global context. It was found primary reason behind the favourable consideration of carbon tax was the fact the implementation thereof would be simpler using the existing taxation systems, whereas cap-and-trade would require the implementation of sophisticated mechanisms that may not provide the optimum benefit in a developing economy context.

scholarly journals Investigate the level of disclosure of emissions of the top ten manufacturing companies in South Africa

2016 ◽  
Vol 7 (1) ◽  
pp. 76-86
Author(s):  
Anet M. Smit ◽  
Johanna Magdalena van Zyl
Keyword(s):  
Greenhouse Gas ◽  
South African ◽  
Carbon Tax ◽  
Stock Exchange ◽  
Manufacturing Companies ◽  
Johannesburg Stock Exchange ◽  
Climatic System ◽  
Quantitative Performance ◽  
Dangerous Anthropogenic Interference ◽  
The Impact

Throughout the world, countries and companies are directing their attention towards actions to protect the planet. An important focus area during various initiatives is the aim to stabilize greenhouse gas concentrations at a level that would prevent dangerous anthropogenic interference with the climatic system. Various targets are set by governments to reduce greenhouse gas emissions and the South African Government is, among others, investigating a carbon tax policy to facilitate their transition to a greener economy. This paper analyzes the sustainability reports of the top ten manufacturing companies listed on the Johannesburg Stock Exchange (JSE) and the disclosures of emissions were evaluated against a checklist that was developed through a literature review comprising various sources. From the results of the research, it is evident that all the companies reviewed are aware of the importance of emissions disclosure and the impact that emissions have on climate change. Companies, in general, adhere more to the qualitative, narrative type of requirements than to the more quantitative, performance-related reporting of emissions. In this study the reporting of the companies specifically on Scope 3 emissions were inadequate. More attention should be given to measure performance and to improve their systems to quantify data

scholarly journals Investigating the impact of carbon tax on socially responsible corporate governance: The case of South African motor vehicle manufacturers

2015 ◽  
Vol 12 (2) ◽  
pp. 128-134
Author(s):  
Suren Pillay ◽  
Pieter Buys
Keyword(s):  
Corporate Governance ◽  
South African ◽  
Manufacturing Industry ◽  
Motor Vehicle ◽  
Carbon Tax ◽  
Policy Decision ◽  
Environmental Damage ◽  
Carbon Taxes ◽  
Socially Responsible ◽  
The Impact

Socially responsible corporate governance is an essential aspect of the contemporary corporate environment, and then especially in ensuring continuous sustainable development within a South African context. As such, it also encompasses broad environmentally focused aspects. The motor vehicle manufacturing industry in South Africa was among the first to be faced with the implementation of carbon taxes. This paper explores the policy decision to implement the carbon tax within the context of socially responsible governance in the motor vehicle manufacturing industry. The research methodology applied incorporates both review of supporting literature and an exploratory empirical case study. The research suggests that the industry is cognizant of the importance of environmental damage costs and their responsibility therein, while also indicating that corporate social investment in this industry was non-responsive to the implementation to carbon tax. The results also suggest that the current carbon tax rate may be adequately priced and is an effective instrument in lowering greenhouse gas emissions

Carbon tax to lower emissions: the likely impact of carbon emissions tax on households in South Africa

2021 ◽  
Vol 2021 (1) ◽  
pp. 211-227
Author(s):  
Nkhensani Siweya
Keyword(s):  
South African ◽  
Carbon Dioxide Emissions ◽  
Carbon Tax ◽  
South African Government ◽  
The South ◽  
African Government ◽  
Fuel Prices ◽  
Emissions Tax ◽  
Mexican Government ◽  
The Impact

The South African government, along with other countries, has signed the Paris Agreement to commit to lowering carbon dioxide emissions. This has led to the introduction of carbon tax in different countries to combat global warming. The Mexican government was the first to introduce carbon tax amongst the emerging economies back in 2014, while the Argentine government implemented carbon tax in January 2018. The South African government followed suite and introduced carbon tax effective 5 June 2019. Households are expected, however, to be weighed down by the levy as the carbon fuel levy will be implemented at 9 and 10 cents per litre on petrol and diesel respectively. The impact on strained households’ income is expected to emanate from the already high fuel prices, which have been on a rising trajectory since the beginning of 2019.

scholarly journals Carbon Tax Pricing And The Social Cost Of Carbon: The Case In The South African Motor Vehicle Manufacturing Industry

2013 ◽  
Vol 29 (6) ◽  
pp. 1751 ◽  
Author(s):  
Suren Pillay ◽  
Pieter W. Buys
Keyword(s):  
South Africa ◽  
South African ◽  
Manufacturing Industry ◽  
Social Cost ◽  
Motor Vehicle ◽  
Carbon Tax ◽  
Motor Vehicles ◽  
Social Cost Of Carbon ◽  
Motor Vehicle Emissions ◽  
The Social

<p>Since the implementation of carbon tax on motor vehicles in South Africa during 2010, the pricing of the tax has never been challenged or assessed. The purpose of this study is to gauge the reasonability of the carbon tax price in South Africa as applicable to the motor vehicle manufacturing industry. A detailed review is performed to determine the adequacy of the carbon tax price by comparing the social cost of carbon from motor vehicle emissions against the revenue raised from carbon tax levied on motor vehicles in the same period. Empirical research includes an exploratory questionnaire into the adequacy of the carbon tax price in South Africa with input data from multinational motor vehicle manufacturers operating in South Africa. The findings from the literature review confirm that although the respondents do not consider the level of carbon tax price as adequate to be relevant for the social cost of carbon, the revenue raised from this tax exceeds the social cost of carbon leading to the conclusion that the tax is adequately priced.</p>

scholarly journals Carbon Tax Implications On Corporate Social Investment In The South African Motor Vehicle Manufacturing Industry

2013 ◽  
Vol 12 (12) ◽  
pp. 1605
Author(s):  
Suren Pillay ◽  
Pieter W. Buys
Keyword(s):  
South Africa ◽  
Decision Making ◽  
Literature Review ◽  
South African ◽  
Empirical Research ◽  
Motor Vehicle ◽  
Carbon Tax ◽  
Social Investment ◽  
Corporate Social ◽  
The Impact

Carbon excise tax was implemented on all passenger motor vehicles in South Africa as of 1 September 2010. Since its implementation, the impact of carbon tax on the corporate social investment (CSI) initiatives and expenditure of South African motor vehicle manufacturers has not been assessed. Given that the carbon tax price should ideally compensate for the damage caused by carbon emissions on the environment and people, the key knowledge gap this article aims to consider is whether the implementation of such a carbon tax is likely to affect the CSI decision-making process in respect of motor vehicle manufacturers in South Africa. The research methodology applied in this study is in the form of both a literature review and empirical research. A literature review was performed on the history, emergence and significance of CSI expenditure within the South African context. The empirical research includes an exploratory case study into the impact of the tax in the decision-making processes with regard to CSI expenditure, as well as the impact of carbon tax on CSI spending by motor vehicle manufacturers in South Africa. It was found that although the advent of carbon tax in the industry would place added pressure on the financial performance of the companies, it is unlikely that it would adversely affect the industrys commitment to the CSI initiatives.

scholarly journals Investigating supply chain sustainability in South African organisations

2018 ◽  
Vol 12 ◽  
Author(s):  
Gabrielle Niehaus ◽  
Heinrich W. Feiboth ◽  
Leila L. Goedhals-Gerber
Keyword(s):  
Supply Chain ◽  
South African ◽  
Carbon Tax ◽  
Statistical Tests ◽  
Sustainability Reporting ◽  
Annual Reports ◽  
Sustainable Supply Chain ◽  
Reporting Practices ◽  
Sustainability Practices ◽  
The Impact

Background: The need for sustainable supply chain management has become a necessity given the growing impact of climate change and global warming. The South African (SA) government is planning to implement a carbon tax in the future, which will present financial challenges for organisations already facing social and environmental difficulties.Objectives: The main objective of this article was to investigate the current sustainability reporting practices in supply chains of SA organisations. The focus was specifically on the supply chain sustainability practices of organisations listed in selected sectors on the Johannesburg Stock Exchange (JSE). A secondary objective was to investigate preparation efforts by SA companies for the impending carbon tax.Method: Data collected from sustainability and integrated annual reports of organisations in the sample were analysed using non-parametric statistical tests to compare sectors on the JSE and to compare companies listed on the socially responsible investment (SRI) Index with those that are not.Results: The results showed that there is insufficient data for some of the sectors; however, there are differences in the supply chain and sustainability practices for the remaining sectors. There are also differences in these practices between SRI and non-SRI companies. The research also showed that companies are discussing important concepts relating to the implementation of the impending carbon tax.Research impact: SA organisations need to increase their focus on sustainable supply chain practices. Further investigation into the preparation efforts of companies to reduce their emissions and/or footprint and mitigate the impact of the impending carbon tax is necessary.

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