The government will raise its carbon tax from $7 to nearly $30 per ton by 2030 to curb heavy emissions. There are also plans to reduce tax-free allowances for industries that do not invest in renewable energy or carbon offset projects. Cape Town’s $2 million carbon credit auction highlights growing business interest in the green shift, with emerging opportunities in the clean energy, transportation, and farming sectors.
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- South Africa
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- Africa, News, CGTNAfrica
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