A study of a feebate policy aimed at vehicle manufacturers to reduce CO2 emissions
Date
2012
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
The Clute Institute
Abstract
As part of environmental fiscal reform, the South African government introduced a vehicle emission tax during 2010. However, the design of this tax focuses on consumers and might not be as effective in reducing CO2 emissions. A feebate policy is considered as a possible alternative to reduce CO2 emissions. A literature review was performed on the topic of feebate policies that could encourage vehicle manufacturers to invest in energy-efficient technology aimed at reducing CO2 emissions. Based on the literature review a questionnaire was developed and distributed to nine vehicle manufacturers in South Africa. The study specifically focused on vehicle manufacturers as they have the opportunity to design, develop and introduce energy-efficient technology that could reduce CO2 emissions. Results suggest that a feebate policy (that leads to cost savings) is an alternative that could be considered to encourage vehicle manufacturers to invest in energy-efficient technology in order to reduce CO2 emissions.
Description
CITATION: Du Plooy, J. & Nel, R. 2012. A study of a feebate policy aimed at vehicle manufacturers to reduce CO2 emissions. International Business and Economics Research Journal, 11(9):1029-1040, doi:10.19030/iber.v11i9.7186.
The original publication is available at https://www.cluteinstitute.com/journals/international-business-economics-research-journal-iber
The original publication is available at https://www.cluteinstitute.com/journals/international-business-economics-research-journal-iber
Keywords
Motor fuels -- Taxation -- South Africa, Carbon taxes -- South Africa, Automobile industry and trade -- Taxation -- South Africa, Automobiles -- Motors -- Exhaust gas -- Taxation -- South Africa, Tax incentives -- South Africa
Citation
Du Plooy, J. & Nel, R. 2012. A study of a feebate policy aimed at vehicle manufacturers to reduce CO2 emissions. International Business and Economics Research Journal, 11(9):1029-1040, doi:10.19030/iber.v11i9.7186.