Submit your innovative sustainable energy solution to the City of Cape Town

May 30, 2019News

The City of Cape Town is calling on citizens to submit innovative sustainable energy solutions to help them improve their service delivery. The deadline for submissions is 14 June 2019. About The City of Cape Town (CoCT) believes that sustainability is essential to achieving a more resilient future for the citizens of Cape Town and plays … Read More

Carbon Tax bill signed into law by Ramaphosa

May 30, 2019Carbon Tax, News, News

The Carbon Tax Act and the Customs and Excise Amendment Act were both officially gazetted on Thursday (23 May 2019) and will come into effect from 1 June 2019. The two Acts work in conjunction with each other, with the Customs and Excise Amendment Act primarily dealing with administrative issues surrounding the implementation of the … Read More

It’s here – Carbon Tax set to be implemented on June 1st, 2019

March 1, 2019Carbon Tax, News

“The sustainability challenge affects us all. Climate change is real… Carbon tax will come into effect from 1 June 2019” – Finance Minister Tito Mboweni     On Tuesday – 19th February 2019 – South Africa’s National Assembly passed the long-anticipated Carbon Tax Bill. This, in accordance with South Africa’s commitment under the Paris Agreement to reduce greenhouse … Read More

Science-based Targets initiative framework for financial institutions

February 13, 2019News, Science Based Targets

As you are undoubtedly aware, the Science Based Targets initiative (SBTi) is in the process of developing a target-setting framework for financial institutions. The framework is being developed through a multi-stakeholder process to ensure practicality and validity for financial institutions. The target-setting methods within the framework will be asset class-specific. In late September the SBTi held its first … Read More

CDP Climate Change 2018 Performance Scores

February 6, 2019CDP, News

The Carbon Calculated team would like to extend congratulations to all of our clients who participated in CDP climate 2018 submission. Of particular note, is the achievements of Nampak, RCL Foods and Remgro who all received A- scores for their 2018 South African disclosures. These scores are commendable, especially in light of the CDP’s strict scoring criteria … Read More

Carbon Tax update

February 12, 2018Carbon Tax

As part of South Africa’s ongoing efforts to move towards a low carbon economy and to meet South Africa’s INDC targets, National Treasury has proposed a tax on local carbon emissions. On 14 December 2017, the South African National Treasury published a second Draft Carbon Tax Bill for public comment. The new draft mostly retains … Read More