New Carbon Tax and Reporting Regulations

Global Carbon Exchange 2 May, 2017

On 3 April 2017, the Minister of Environmental Affairs issued a notice under the National Environmental Management: Air Quality Act implementing the National Greenhouse Gas (GHG) Emission Reporting Regulations (GHG Reporting Regulations).

The GHG Reporting Regulations, after being in draft format for two years, aim to introduce a single national reporting system for the transparent reporting of GHG emissions, which will be used predominantly to update and maintain a National Greenhouse Gas Inventory and will assist South Africa in meeting its international obligations in relation to climate change mitigation. SA is currently going through the necessary consultation processes to ratify the Paris Agreement, which the country signed in April 2016.

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