Green tax 'too little, too late'

2013-02-27 18:18 - Sapa
(Duncan Alfreds, News24)

Johannesburg - The introduction of a carbon tax in 2015, as announced in the 2013 National Budget, may not be sufficient to address climate change, Greenpeace Africa said on Wednesday.

However, a tax-free exemption threshold of 60 percent would be set to "soften the blow", Gordhan said.

Greenpeace Africa also believed South Africa needed an ambitious infrastructure investment in renewable energy. "Investments in renewable energy not only provide a far better option to bio-fuels, but go a long way in addressing the concerns of job creation...," he said.

* Visit our 2013 Budget section for full coverage of Finance Minister Pravin Gordhan's National Budget speech.

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