South Africa Carbon Pricing and Climate Mitigation Policy
June 26, 2023
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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.
Subject: Carbon tax, Commodities, Electricity, Environment, Greenhouse gas emissions, International organization, Monetary policy, Revenue administration, Taxes
Keywords: Africa, carbon neutrality, carbon tax, carbon tax tax rate, climate mitigation, climate mitigation policy, climate objective, decarbonization transition, distributional effects, Electricity, general equilibrium model, Greenhouse gas emissions, mitigation policy package, South Africa, South Africa carbon pricing
Pages:
19
Volume:
2023
DOI:
Issue:
040
Series:
Selected Issues Paper No. 2023/040
Stock No:
SIPEA2023040
ISBN:
9798400247620
ISSN:
2958-7875
