Engineering News, 14 March, 2018
The Industry Task Team on Climate Change (ITTCC), which includes many of South Africa’s largest mining and industrial companies, says the proposed carbon tax will have no material impact on reducing carbon emissions from the electricity sector, which is responsible for around half of the country’s yearly greenhouse gas (GHG) emissions.
Given the structure of South Africa’s electricity sector, ITTCC believes that the Integrated Resource Plan (IRP) for electricity, together with mandatory carbon budgets, would be more potent in facilitating structural change in the economy’s largest emitting sector.
ITTCC members included South32, Gold Fields, Kumba , Sasol, AECI, Consol , Air Liquide , Exxaro , Anglo American , Mondi , Tongaat Hulett , AngloGold Ashanti , ArcelorMittal South Africa (AMSA ), Columbus , Glencore , PPC , Sibanye -Stillwater, Afrox , Harmony, Anglo American Platinum , Samancor , Sappi , Manganese Metal , Lonmin , Rand Water , Assore , Richards Bay Minerals , Mondi , Hulamin , Scaw, Implats and Transnet .
The submission was made as lawmakers consider the Carbon Tax Bill, which was adopted by Cabinet in August 2017 and which is likely to be enacted into law before year-end. In February, former Finance Minister *Malusi Gigaba * said the tax would be implemented from January 1, 2019.