Carbon Tax: South Africa and the context of the global mining industry
The Southern African Institute of Mining and Metallurgy (SAIMM) acknowledges that the intent of carbon tax is to change user behaviour and reduce climate impact.
This Colloquium, on the South African Carbon Tax, will provide an understanding of our own unique situation, compared to the context of the global mining industry. This SA Carbon Tax policy, introduced by the SA government in June 2019, aimed at reducing the country’s greenhouse gas emissions. The aim of the tax is to create a financial incentive for companies to reduce their emissions by switching to cleaner technologies and adopting sustainable practices. Revenue generated from the tax should be used to fund initiatives aimed at promoting energy efficiency and renewable energy.
This colloquium will endeavour to create a platform for discussion around the following questions:
Are we, in the minerals and metals industry, adequately informed to answer questions about any Carbon Tax policy (National or Global)?
Are we projecting negativity due to the general discontent with the current situation – economic, social, and political?
What is our definition of recycling tax revenue ‘efficiently’? Does this depend on perspective?
Is the minerals and metals industry clear on their expectations of and from the South African Carbon Tax policy?
What are our expectations of this carbon tax bill as professionals and as an industry?
What are our options as an industry? Do we have an option to influence the policy and the tax revenue recycling at all?
Can we ask for assistance to analyse the positive and negative aspects of our current strategy and its execution?
The Colloquium is scheduled to take place on the 15th November 2023, at 54 on Bath, Rosebank, Johannesburg.