South Africa Delays Carbon Tax, Plans Levies on Acid Mine Water
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South Africa’s government delayed the implementation of a planned carbon tax to 2016, while saying it may impose new levies on mining companies to help fund the treatment of acid water seeping from disused gold mines.
The National Treasury two years ago said it planned to charge 120 rand ($11) on every metric ton of carbon emitted above a 60 percent threshold from 2014 and raise the rate by 10 percent a year for the following six years. Finance Minister Pravin Gordhan last year announced a delay in the tax, first proposed in December 2010, until 2015.