Following the carbon tax offsets paper in 2014, national Treasury has released the draft regulations on 20 June 2016. Comments can be provided until the 29th of July 2016. The draft regulations further detail the working of the offset mechanism and most importantly the eligibility of organisations and activities to generate offsets. However, it will depend on many different project activity features whether one is eligible to use greenhouse gas emission reductions achieved under the carbon tax.

Important features include whether one already benefits from participating under another governmental program or regulation, the date of approval of the offset project, whether it concerns sectors and activities defined as falling under the tax net or not and whether the project activity reduces Scope 1 or Scope 2 emission. Just to name a few. For further details please go to Draft for Comments Published

8 June 2018