Selected Issues Papers

South Africa Carbon Pricing and Climate Mitigation Policy

Author/Editor:

Haonan Qu ; Suphachol Suphachalasai ; Sneha D Thube ; Sébastien Walker

Publication Date:

June 26, 2023

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Meeting South Africa’s ambitious climate objectives will require a comprehensive strategy that includes a more effective use of carbon pricing policy, reducing inefficient government subsidies that have delayed the green transition, well-targeted support to affected industries and households, and other green financial and sectoral measures. Implemented well, the mitigation policy package would promote low-carbon investments, raise government revenues, and support economic growth.

Series:

Selected Issues Paper No. 2023/040

Subject:

Carbon tax Commodities Electricity Environment Greenhouse gas emissions International organization Monetary policy Revenue administration Taxes

Frequency:

Regular