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
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...