Creecy welcomes progressive carbon tax increases

Forestry, Fisheries and the Environment Minister Barbara Creecy has welcomed the announcement by Finance Minister Enoch Godongwana that government plans to progressively increase the carbon price every year to reach $20/t of carbon dioxide equivalent (CO2e) by 2026, $30/t of CO2e by 2030 and $120/t of CO2e by 2050. “This policy trajectory for the carbon tax really will be very helpful in allowing us to achieve the Nationally Determined Contribution that we submitted for 2025 and 2030 to the United Nations in October last year,” she noted.