SABC News – Trading carbon offsets

posted under Promethium in the News on 15 Apr 2014

Source: SABC News

Robbie Louw, Director of Promethium Carbon, was interviewed by SABC-news during the launch of the report “Progress on the South African Offsets Trading System” at the Johannesburg Stock Exchange.

Please click here to watch the news clip>>

Carbon trading – Robbie Louw unpacks what it means for South Africa

posted under Promethium in the News on 14 Apr 2014

Source: BizNews

Posted on March 27, 2014 in Green

Yesterday evening I had the privilege of attending the launch of the Carbon Trading in South Africa study conducted by Promethium Carbon. The study, funded by the British High Commission’s Prosperity Fund, identifies the requirements for the structuring of the market for a carbon offset trading system in South Africa. A key point of the study was to determine if it will be possible to implement a carbon offset trading scheme within the same timeframe as the announced schedule for SA’s carbon tax. The report concludes that the implementation is possible provided read more »

Carbon trading a reality in SA

posted under Promethium in the News on 04 Apr 2014

Source: Eco Build Online

The British High Commissioner and Promethium Carbon last night hosted the launch of Carbon Trading in South Africa, a report commissioned by the British High Commissioner which identifies the requirements for such a trading system.

Sir David King, the British Foreign Secretary’s Special Representative for Climate Change, was the keynote speaker and shared his vast experience on environment and infrastructure, pointing out that South Africa is “ideal” for solar energy and that with the high quality photovoltaics China has made immense progress with, South Africa is in a position to achieve great returns from solar.

The report says read more »

Carbon trading a reality in South Africa

posted under Promethium in the News on 02 Apr 2014

Source: Green Business Guide

Johannesburg, South Africa: The British High Commissioner and Promethium Carbon last night hosted the launch of Carbon Trading in South Africa, a report commissioned by the British High Commissioner which identifies the requirements for such a trading system.

Sir David King, the British Foreign Secretary’s Special Representative for Climate Change, was the keynote speaker and shared his vast experience on environment and infrastructure, pointing out that South Africa is “ideal” for solar energy and that with the high quality photovoltaics China has made immense progress with, South Africa is in a position to achieve great returns from solar.

The report read more »

Carbon trading a reality in South Africa

posted under Promethium in the News on 31 Mar 2014

Source: Environment in Africa

27 March 2014 ~ Johannesburg, South Africa: The British High Commissioner and Promethium Carbon last night hosted the launch of Carbon Trading in South Africa, a report commissioned by the British High Commissioner which identifies the requirements for such a trading system.

Sir David King, the British Foreign Secretary’s Special Representative for Climate Change, was the keynote speaker and shared his vast experience on environment and infrastructure, pointing out that South Africa is “ideal” for solar energy and that with the high quality photovoltaics China has made immense progress with, South Africa is in a position to read more »

Infrastructure exists to establish SA carbon-offset trading system

posted under Promethium in the News on 28 Mar 2014

Source: Engineering News

A report released by advisory firm Promethium Carbon at the JSE on Wednesday concluded that the potential structuring of the market for a carbon-offset trading system in South Africa would be possible within the same time frame as the implementation of the country’s carbon tax in 2016.

However, this would only be possible provided maximum use was made of existing infrastructure, which was required to guarantee both the environmental and economic integrity of the system.

Promethium Carbon director Robbie Louw stated that in South Africa, carbon tax and carbon offsets were fast becoming a reality, noting that for carbon offsets to be functional, read more »

The state of carbon tax implementation

posted under Promethium in the News on 03 Mar 2014

Source: 25 Degrees in Africa

By Robbie Louw, a director of Promethium Carbon, a carbon advisory firm.

The Minister of Finance gave an update on the Government’s intentions with respect to the introduction of a carbon tax in the Budget Speech on Wednesday.

The introduction of the tax on the emission of greenhouse gas emissions will be delayed by one year to 2016.   In addition, the introduction of carbon tax is intended to occur at the same time as a reduction in the electricity levy.

The delay is following issues concerns raised during public consultation and input from the Department of Environmental Affairs that the read more »

SA budget speech 2014: Carbon tax

posted under Promethium in the News on 28 Feb 2014

Source: Environment in Africa

The South African Minister of Finance Pravin Gordhan gave an update on the Government’s intentions with respect to the introduction of a carbon tax in the Budget Speech on Wednesday 26 February 2014. The introduction of the tax on the emission of greenhouse gas emissions will be delayed by one year to 2016.  In addition, the introduction of carbon tax is intended to occur at the same time as a reduction in the electricity levy.

The delay follows concerns raised during public consultation and input from the Department of Environmental Affairs that the carbon tax should be read more »

Emission reduction: a priority

posted under Promethium in the News on 28 Feb 2014

Source: Mechanical Technology

At as recent SANEA lecture at the Sasol Auditorium, Tshilidzi Ramuedzisi, chief director for energy planning for the Department of Energy, presented an overview of the Draft 2012  Integrated Energy Planning Report.  While the presentation itself was excellent, I feel relieved that I am not an energy professional.

For electricity generation, five test cases and a base case were evaluated to meet demand between now and 2050. The base case simply extends the current trajectory for the purposes of comparison. There are three ‘peak-plateau-decline’  emissions limit test cases, which all assume we meet currently agreed emissions’ reduction targets of 34% read more »

Carbon trading as offsets against the proposed carbon tax

posted under Promethium in the News on 27 Feb 2014

Source: Mechanical Technology
n a report for consultation published recently by Promethium Carbon, a mechanism for carbon trading is proposed that works within the South African carbon tax legislation scheduled for implementation in 2015. Funded by the Prosperity Fund of the British High Commission, the report is the culmination of a project started in August 2013 and completed in January 2014. MechTech extracts the key suggestions.

The carbon tax proposed for South Africa has a unique attribute in that it makes provision for the use of offsets to mitigate the tax liability of greenhouse gas emitters. In addition to the possibility of trading read more »

Konica Minolta South Africa sows seeds of change

posted under Promethium in the News on 26 Feb 2014

Source: Food & Trees for Africa

Employees from Bidvest company, Konica Minolta South Africa, along with representatives from South Africa’s national greening and food gardening social enterprise, Food & Trees for Africa (FTFA) and carbon advisory firm, Promethium Carbon, as well as members of the media, all rolled up their sleeves to kick off the planting of 4,600 bamboo plants in the impoverished Blue Disa community in Lawley, south of Johannesburg.

In the six years since Konica Minolta South Africa started working with FTFA, the company has donated a colossal 18,178 fruit and indigenous trees to schools and communities across the read more »

Konica Minolta South Africa sows seeds of change

posted under Promethium in the News on 24 Feb 2014

Source: IT Web Business

Employees from Bidvest company, Konica Minolta South Africa, along with representatives from South Africa’s national greening and food gardening social enterprise, Food & Trees for Africa (FTFA), and carbon advisory firm, Promethium Carbon, as well as members of the media, all rolled up their sleeves today to kick off the planting of 4 600 bamboo plants in the impoverished Blue Disa community in Lawley, south of Johannesburg.

In the six years since Konica Minolta South Africa started working with Food & Trees for Africa, the company has donated a colossal 18 178 fruit and indigenous trees to read more »

Carbon Trading in South Africa

posted under Promethium in the News on 05 Feb 2014

Source: SAAEA

Promethium  Carbon developed a framework for the trading of offsets against the proposed South African Carbon Tax.  The project evaluated the existing infrastructure  and how the offset system could be operational  by 2015.  The supply and demand volumes indicated that a viable market of around 20 million ton of CO2 can be created.  A range of supply options were modelled based on the project types that might be allowed.  This work was funded by the Prosperity Fund of the British High Commission.

The report named “Carbon Trading In South Africa” can be downloaded from Promethium’s website by clicking here

We appreciate your comments.  Please read more »

Promethium Carbon receives award at Africa – Middle East Energy Outlook Forum

posted under Promethium in the News on 28 Jan 2014

Promethium Carbon has received an award in recognition of its outstanding contribution to Africa’s economic growth and development. Their contribution is evidenced by the large number of Clean Development Mechanism (CDM) methodologies and projects in South Africa, Namibia and Kenya it has registered with the United Nations so far.

The Star Excellence award was presented at the Africa – Middle East Energy Outlook Forum & Awards Ceremony at the Sheraton Hotel in Abu Dhabi, during the World Future Energy Summit (WFES 2014).

From Left: Mr Sam Hart, Mr Tariq Ahmed Nizami and Mr HJ Swanepoelread more »

Powering Africa naturally

posted under Promethium in the News on 14 Jan 2014

Source: ESI Africa

The renewable energy market in Africa has been steadily growing with remarkable case studies being unearthed in countries such as, Kenya, Ethiopia, South Africa and Ghana bringing natural wind, solar and hydro resources into the energy fold

The Conference of the Parties to the Kyoto Protocol met for the nineteenth assembly (COP19) in Warsaw in November this year.  This important event saw a historic agreement on financing for projects that Reduce Emissions from Deforestation and Degradation (REDD+).  With the backing of $280 million USD contributed from the UK, Norway and USA, the deal provides investors with clarity around read more »

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