A good cause (the battle against climate change) pursued through the wrong method (Carbon Tax) at the wrong time (a time of already deep financial stress)

While the Minerals Council embraces the notion of long-term carbon pricing and various mechanisms to facilitate the transition to a low carbon economy, the Carbon Tax has the potential to erode profitability through increasing costs resulting in a shrinking sector. The result of which would be further job losses, which would further exacerbate South Africa’s structurally high unemployment rate.

Resources:

• Infographic: The impact of Carbon Tax