Energy-intensive firms say carbon tax wrong tool for reducing power emissions

The Industry Task Team on Climate Change (ITTCC), which includes many of South Africa’s largest mining and industrial companies, says the proposed carbon tax will have no material impact on reducing carbon emissions from the electricity sector, which is responsible for around half of the country’s yearly greenhouse gas (GHG) emissions. Given the structure of South Africa’s electricity sector, ITTCC believes that the Integrated Resource Plan (IRP) for electricity, together with mandatory carbon budgets, would be more potent in facilitating structural change in the economy’s largest emitting sector.