Update on Carbon Tax

Update on Carbon Tax

Durng the introduction of the new national Budget by Minister Pravin Gordhan yesterday, there has thankfully been formal mention of the proposed Carbon Tax and its implementation.  The carbon tax was previously scheduled for introduction on 1st January 2017.

As expected there are key areas requiring address and finalisation before implementation, not least of which is the Carbon Offset mechanism and regulations to allow emitters of CO2 to reduce their carbon tax bill through financial support of approved domestic green carbon offset projects.

Government and industry will engage during the year on finalising aspects to enable implementation in 2018.

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Dennis Williams is the current Commercial Director with over 14 years of service at AES, having been involved as a project engineer, new business development manager and marketing and commercial director in his tenure.