The president of South Africa has signed the Carbon Tax Act into law to encourage local farmers to dive in environmentally friendly practices to reduce carbon footprint.
South Africa is one of the most contributor of greenhouse gas emissions in the world. Through this law, the president aims to focus on greenhouse gas emission reduction by up to 42% by 2025. Moreover, it would make an exception for farming business from taxation in carbon emissions.
Furthermore, the law would make up for the Carbon Tax Offset Fund to finance ideas and practices in reducing emissions. It will also help determine the carbon footprint of each sector in agriculture to be able to properly resolve it.
Source: Annelie Coleman, Farmer’s Weekly | Photo from Pixabay
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