NEWS

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Carbon tax offsets explained

Under the Carbon Tax Act, domestic carbon offsets can be used to help carbon tax liable companies pay less carbon tax. And these savings can be considerable. Many companies, including the large emitters most impacted by the tax, are not aware…
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Carbon tax payment requirements for SARS

Your company’s installed capacity is above the allocated threshold for your industry which means that you have had to report your GHG emissions to, and register with, the Department of Environment, Forestry and Fisheries (DEFF) before 31 March…
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Paying less carbon tax = investing in carbon offsets

On 23 July 2020, the Department of Mineral Resources and Energy (DMRE) launched the Carbon Offset Administration System (COAS) which will allow carbon tax liable entities to further reduce their carbon tax through an additional tax relief mechanism…
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South Africa launches Carbon Offset Administration System

The implementation of the South African Carbon Tax has finally reached completion with the launch of the Carbon Offset Administration System (COAS). This follows the gazetting of the regulations on trade exposure and performance benchmarks one…
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Allowance regulations under carbon tax bill finalised

Finance Minister Mboweni’s supplementary budget speech on 24 June implied that the obligation for companies in terms of the Carbon Tax will not go away, as he did not mention any further postponement regarding the deadline for Carbon Tax payment,…
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Climate change in the time of COVID-19

Despite the world being at a standstill as COVID-19 continues to wreak havoc on our planet, scientists predict that the global rate of CO2 is still expected to rise in 2020, with the pandemic “doing little to slow down climate change”. As…
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Carbon Tax Payment Deadline Extended Due to COVID-19

President Cyril Ramaphosa, on Tuesday night,  announced a three-month delay in first carbon tax payments as part of an extensive set of financial measures worth R500 billion to help companies deal with the COVID-19 pandemic.  Where the…
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UN aviation body ditches older carbon credits from offsetting scheme

Article by GreenBiz  The global aviation industry has taken a key step forward in agreeing rules for carbon offset credits in its global greenhouse gas reduction scheme, as the sector reels from the economic fallout of the escalating coronavirus…
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Coronavirus Could Slow Efforts to Cut Airlines’ Greenhouse Gas Emissions

Article by The New York Times  The Coronavirus pandemic is pushing the global aviation idustry into financial crisis, complicating ongoing efforts to tame airlines' greenhouse gas emissions, which had been rapidly growing in recent years.…