SAPICS 2019 Post-Conference Ezine - Page 30



SAPICS E-ZINE SEP 2019
THE FUTURE OF ZERO WASTE TO
LANDFILL AND THE NEW CARBON TAX
South Africa is fast approaching a situation of running out of landfill space;
the inevitable “day full” is on our doorstep. The roll-out of the country’s
carbon tax – which is geared towards reducing carbon emissions by 34% by
2020 and 42% by 2025 - will change the way that companies do business.
T
over time to ensure a smooth transition,”
he explained.
his was the message from
Wasteplan CEO Bertie Lourens in
a presentation at the 2019 SAPICS
Conference. Lourens noted that, year
after year, South Africa, which is the
world’s 169th most populous country,
has ranked as the 17th dirtiest energy
producer on the planet - out-polluting
the UK and France. “The carbon tax is
an attempt to mitigate this consumer
behaviour and reduce high greenhouse
gas emissions while stimulating investor
appetite for low carbon alternatives. As
of June 1, 2019, South Africa started
rolling out the Carbon Tax Bill, which will
be implemented in stages and phased in
Lourens summarised the carbon tax
roll out for SAPICS delegates: “Phase
1 will run from implementation up to
December 2022. The initial marginal
carbon tax rate will be R120 per tonne
of CO2e (carbon dioxide equivalent).
With the below thresholds in mind, the
effective tax rate is much lower and
ranges between R6 and R48 per tonne.
A basic percentage-based threshold
(up to 60%) applies for the first phase of
implementation that is not tax payable, in
order to help businesses transition and
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