“The primary aim of carbon taxation was changing behaviour, not revenue collection.”
From BD Live:
Treasury director Ismail Momoniat said the primary aim of carbon taxation was changing behaviour, not revenue collection. The easy start to it would last only five years, he said at the release of the Treasury’s long-awaited second discussion document on carbon taxation.
Comment must reach the Treasury by August 2.
Finance Minister Pravin Gordhan said in his budget speech this year that carbon taxation would be imposed from January 1 2015. Carbon dioxide, the most ubiquitous of the greenhouse gases and the emission of which is linked to climate change, has become a proxy for them all.
“The question is, how can you change for the future?… If people find ways around it we will turn up the heat,” Mr Momoniat said.