Treasury regulations on carbon offsets open door for proper planning
Offsets provide taxpayers with a cheaper alternative to paying carbon tax and will establish a carbon market in SA
03 December 2019 - 19:10
The Treasury has published the long-awaited regulations that open the way for SA companies to offset their carbon emissions, as part of the government’s efforts to mitigate climate change.
In response to burgeoning concerns over rising global temperatures, the Treasury implemented the carbon tax in June, but has dragged its feet in publishing supporting regulation. The carbon offsets regulations, published on Friday, outline the eligibility criteria for projects and set out the procedure for claiming an offset allowance...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.