Carbon tax: Striking the right balance between environment, development

Africa has what it takes to attain sustainable growth. PHOTO | SHUTTERSTOCK

Kenya recently published the Medium-Term Revenue Strategy (MTRS) which has proposed the introduction of a carbon tax. Carbon tax is levied on the amount of greenhouse gas (GHG) emissions within a specified period.

Statistics from the World Bank show that several countries have a carbon tax in the pipeline, including Ethiopia and Botswana. South Africa introduced a carbon tax in 2019. Kenya has indicated its intention to follow in their foosteps.

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Note: The results are not exact but very close to the actual.