mining The South African Chamber of Mines has said a delay of five years for the proposed draft carbon tax bill would be advantageous, as there has not been a proper regulatory impact assessment of the economic costs and benefits of imposing such a tax. In an interview with Fairfax Media on Wednesday, Mr Weatherill said: "We have to get this done in time because we are going into a period where people will start paying more taxes." and it is argued that the bill would not materially reduce global carbon emissions as the country contributes only 0.9% towards the global total.
The South African Chamber of Mines has said a delay of five years for the proposed draft carbon tax bill would be advantageous, as there has not been a proper regulatory impact assessment of the economic costs and benefits of imposing such a tax. In an interview with Fairfax Media on Wednesday, Mr Weatherill said: "We have to get this done in time because we are going into a period where people will start paying more taxes." and it is argued that the bill would not materially reduce global carbon emissions as the country contributes only 0.9% towards the global total.