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
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It’s here – Carbon Tax set to be implemented on June 1st, 2019
“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
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
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
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
Good news: 2017 wasn’t all bad for the environment
On Thursday, 1st June 2017, the world was rocked by US president Donald Trump’s announcement of his intention to withdraw the from the Paris Agreement. In the wake of this, individuals – from scientists to politicians – have assured that the United States’ pulling out from the Agreement would not mean an all-consuming end to the … Read More