Event - Can green taxation provide a path to post-pandemic recovery in South Africa?
Can green taxation provide a path to post-pandemic recovery in South Africa?
International Institute for Sustainable Development (IISD)
2021/02/25 13:00 CET
2021/02/25 14:00 CET
The coronavirus pandemic is first and foremost a public health tragedy. However, the pandemic, and the measures adopted to control its spread, have placed incredible pressure on social, health, and fiscal systems. As governments look to manage deficits and stimulate their economies to recover from the crisis, now is the time to consider what economic model will best support this process. The Nordic example of fiscal policy is characterized by their pioneering introduction of energy and carbon taxation in the 1990s in response to a financial crisis. These measures have coincided with a boom in clean energy-related employment and a period of strong economic and environmental development. Could similar approaches work in South Africa or are there other strategies that are better suited to drive recovery here?