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If bill is passed companies who don't reduce emissions to pay higher carbon tax

21 October 2021 7:20 AM
Tags:
Green house gas emission
Climate change
COP26
greener economy

Eds Systems Business Development head Eckart Zollner reflects on the new bill aimed at fast-tracking SA to be a greener economy.

Businesses that fail to reduce emissions could soon be taxed a higher carbon tax rate if a new bill proposed is passed.

This legislation will fast-track South Africa into a greener economy.

RELATED: A R750-billion financing plan can help SA move forward with green energy

The proposed bill comes weeks before the UN’s climate change conference known as COP26, where South Africa is likely to be dubbed as Africa’s biggest source of greenhouse gases and the world’s 12th largest.

Bongani Bingwa chats to Eds Systems Business Development head Eckart Zollner to give more insight on the matter.

The bill has been in operation for two years now, and it was developed in a number of phases and the first phase was a soft introduction to get industries to be familiar and comfortable with the concept.

Eckart Zollner, Business Development head - Eds Systems

From January 2023, the second phase will start. The cost of not introducing measures of a polluters pay principle will be far greater in 20 years time.

Eckart Zollner, Business Development head - Eds Systems

Listen below to the full conversation:




21 October 2021 7:20 AM
Tags:
Green house gas emission
Climate change
COP26
greener economy

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