Draft framework opens door to budding carbon economy for small players
By developing local standards high transaction costs can be reduced
06 February 2022 - 19:38
To make SA’s growing carbon economy more accessible for individuals and smaller businesses hoping to benefit from the sale of carbon credits to large-scale polluters, the department of mineral resources & energy has published the draft framework for the development of domestic carbon offset standards for public comment.
SA introduced a carbon tax in June 2019 as part of a package of policy measures to help achieve the country’s Nationally Determined Contribution commitments, to reduce greenhouse gas emissions, submitted under the global Paris Agreement. ..
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