Selected Issues Papers

South Africa Carbon Pricing and Climate Mitigation Policy

By Haonan Qu, Suphachol Suphachalasai, Sneha D Thube, Sébastien Walker

June 26, 2023

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Format: Chicago

Haonan Qu, Suphachol Suphachalasai, Sneha D Thube, and Sébastien Walker. South Africa Carbon Pricing and Climate Mitigation Policy, (USA: International Monetary Fund, 2023) accessed November 7, 2024

Summary

Meeting South Africa’s ambitious climate objectives will require a comprehensive strategy that includes a more effective use of carbon pricing policy, reducing inefficient government subsidies that have delayed the green transition, well-targeted support to affected industries and households, and other green financial and sectoral measures. Implemented well, the mitigation policy package would promote low-carbon investments, raise government revenues, and support economic growth.

Subject: Carbon tax, Commodities, Electricity, Environment, Greenhouse gas emissions, International organization, Monetary policy, Revenue administration, Taxes

Keywords: Africa, Carbon neutrality, Carbon tax, Carbon tax tax rate, Climate mitigation, Climate mitigation policy, Climate objective, Decarbonization transition, Distributional effects, Electricity, General equilibrium model, Greenhouse gas emissions, Mitigation policy package, South Africa, South Africa carbon pricing

Publication Details

  • Pages:

    19

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Selected Issues Paper No. 2023/040

  • Stock No:

    SIPEA2023040

  • ISBN:

    9798400247620

  • ISSN:

    2958-7875

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