South Africa’s Ramaphosa signs carbon tax into law

South Africa’s Ramaphosa signs carbon tax into law

Ramaphosa’s African National Congress party was returned to office with a reduced majority in an election earlier this month. While climate change was barely mentioned in the campaign, the result allows the government to finally implement a tax that has been under discussion since 2010.

“Climate change represents one of the biggest challenges facing human kind, and the primary objective of the carbon tax is to reduce greenhouse gas (GHG) emissions in a sustainable, cost effective and affordable manner,” the treasury said in a statement.