Africa has recently introduced a carbon tax. The carbon tax aims to reduce 34%
carbon emissions by 2020 and 42% emissions by 2025.
carbon tax also seeks to ensure zero waste to landfill and boost investments
for low carbon alternatives.
carbon tax is a type of carbon pricing. A carbon tax directly sets a price on
carbon by defining a tax rate on greenhouse gas emissions or on the carbon
content of fossil fuels.
form of carbon pricing is the emissions trading systems (ETS), also referred to
as the cap-and-trade system. ETS caps the total level of greenhouse gas
emissions and allows those industries with low emissions to sell their extra
allowances to larger emitters.