SA Mining Industry says: “Treasury must abandon carbon tax plan in light of IRP”
FONT SIZE: -+
JOHANNESBURG ( miningweekly.com) – National Treasury must abandon its plans to introduce carbon tax, which will result in the closure of smelters at a time of desperate need for job retention and export promotion.
This is the consensus of opinion canvassed by *Mining Weekly Online* following last Friday’s release of the Integrated Resource Plan (IRP). ADVERTISEMENT
With the IRP enhancing the prospect of carbon emission reduction because of the backing it gives to renewable energy , Treasury’s continued insistence on the imposition of carbon tax is being seen as superfluous.
The main purpose of the carbon tax is to generate funding for research and development into carbon emission reduction, which the IRP now promises.