Britain to fund SA carbon trading experiment

posted under Promethium in the News on 25 Jul 2014

Source: Polity org.za

Britain will expand funding for a programme to help coal-rich South Africa develop a carbon trading market in an attempt to rein in its rising greenhouse-gas emissions.

The British High Commission in Pretoria last week said it will fund a pilot emissions trading programme from next year to help companies prepare for a R120/t ($11.21/t) carbon tax that is expected to come into force in 2016.

The value of the grant was not disclosed.

The launch of South African’s carbon tax, which would apply to major emitters including steel gaint ArcelorMittal, utility Eskom and petrochemical group Sasol, was delayed by read more »

Britain to fund South Africa’s carbon trading experiment

posted under Promethium in the News on 23 Jul 2014

Source: Reuters Africa

July 14 Mon Jul 14, 2014 12:59 pm GMT

(Reuters) – Britain will expand funding for a programme to help coal-rich South Africa develop a carbon trading market in an attempt to rein in its rising greenhouse gas emissions.

The British High Commission in Pretoria last week said it will fund a pilot emissions trading programme from next year to help companies prepare for a 120-rand-per-tonne ($11.21) carbon tax that is expected to come into force in 2016.

The value of the grant was not disclosed.

The launch of South African’s carbon tax, which would apply to major emitters including steel read more »

Britain to fund SA carbon trading experiment

posted under Promethium in the News on 21 Jul 2014

Source: Mining Weekly

By: Reuters

14th July 2014

Britain will expand funding for a programme to help coal-rich South Africa develop a carbon trading market in an attempt to rein in its rising greenhouse gas emissions.

The British High Commission in Pretoria last week said it will fund a pilot emissions trading programme from next year to help companies prepare for a 120-rand-per-tonne ($11.21) carbon tax that is expected to come into force in 2016.

The value of the grant was not disclosed.

The launch of South African’s carbon tax, which would apply to major emitters including steel giant ArcelorMittal, utility Eskom and petrochemical group read more »

Britain to fund South African carbon trading experiment

posted under Promethium in the News on 17 Jul 2014

Source: Moneyweb

SA carbon tax still not launched.

LONDON – Britain will expand funding for a programme to help coal-rich South Africa develop a carbon trading market in an attempt to rein in its rising greenhouse gas emissions.

The British High Commission in Pretoria last week said it will fund a pilot emissions trading programme from next year to help companies prepare for a R120-per-tonne carbon tax that is expected to come into force in 2016.

The value of the grant was not dis closed.

The launch of South African’s carbon tax, which would apply to major emitters including steel giant ArcelorMittal, utility Es read more »

Britain to fund South African carbon trading experiment

posted under Promethium in the News on 15 Jul 2014

Source: Reuters

July 14 Mon Jul 14, 2014 8:59am EDT

(Reuters) – Britain w ill expand funding for a programme to help coal-rich South Africa develop a carbon trading market in an attempt to rein in its rising greenhouse gas emissions.

The British High Commission in Pretoria last w eek said it will fund a pilot emissions trading programme from next year to help companies prepare for a 120-rand-per-tonne ($11.21) carbon tax that is expected to come into force in 2016.

The value of the grant was not disclosed.

The launch of South African’s carbon tax, which would apply to major emitters including steel read more »

Solar on Steriods – MTN’s new CSP plant, a first for SA

posted under Promethium in the News on 11 Jul 2014

Source: Biznews

Yesterdays visit to MTN’s innovation centre was quite an eye-opener.  Not only are the numerous buildings geared for reducing their environmental impact, but the vegetation is uniquely, and noticeably, indigenous.  And now the roof of their rather sizeable data centre boasts a monstrous shiny silver contraption designed to harness the one thing that South Africa has in abundance – sunshine. Whats more, it feels right – rather than something they must do, the CSP, and area itself, screams ‘we want to make a difference’. Taking the first step and showing that it can work in SA.  Well done read more »

Closing the gaps to a circular economy

posted under Promethium in the News on 07 Jul 2014

Source: Business Times Beneficiation

Beneficiation could prove to be a key tool employed by South Africa in moving towards achieving the objectives of, and enjoying the benefits of, a circular economy.

A circular green economy means more efficient use of energy and resources. In short- when you transform the dominant linear monoculture model to the circular model, you turn output into input again, as explained by the UK-based Institute of Science in Society.

Dominic Waughray, senior director at the World Economic Forum, explains that the past two years have seen a surge in activity among business leaders to forge collaboration and shape new read more »

Carbon footprint – The great transition

posted under Promethium in the News on 30 Jun 2014

Source: Mining, People & Environment Magazine

What the transition to a carbon- and energy-constrained future means for South Africa’s gold-mining sector.

The discovery of gold on the Witwatersrand in 1886 was a turning point in South African history.  This changed the country from a predominantly agricultural society to one of the largest gold producers in the world.   South Africa dominated global gold production in the 20th century, producing an estimated 1,286Moz, about one third of the worldwide total, according to the World Gold Council.

However, the 21st century has brought a series of challenges to the South African mining sector.  Energy constraints read more »

JSE kry hulp vir taks op besoedeling

posted under Promethium in the News on 15 Jun 2014

Source: Die Burger

Die Britse regering het ’n volgende ronde finansiering goedgekeur vir navorsing oor ’n verhandelingsplatform in koolstofkrediete op die JSE.

Robbie Louw, besturende ¬direkteur van Promethium Carbon, die konsultantfirma wat die navorsing doen, sê hulle hoop om teen die einde van die jaar reeds ’n oefenlopie vir die verhandeling van koolstofkrediete op die JSE aan die gang te kry.

In aanloop tot die instel van ’n koolstofbelasting teen 2016 werk die nasionale tesourie en die bedryf aan maniere hoe om so ’n belasting prakties te laat werk.
Louw meen die belasting bied groot geleenthede vir kleinsake-ondernemings wat koolstofkrediete kan genereer wat read more »

Power efficiency for the future

posted under Promethium in the News on 10 Jun 2014

Source: Business Brief Magazine

Sustainable energy can be broken into two parts: renewable energy and energy efficiency.  Both of these components need to be managed so that our power requirements will meet the needs of the future.

The three challenges of energy security, social equity and environmental impact mitigation – known as the “energy trilemma” – are to provide reliable, equitable and affordable electricity access with minimum impacts on the environment.

South Africa generates approximately two-thirds of Africa’s electricity, and almost 90% of SA’s electricity is generated in coal-fired power stations. In order to move away from a reliance on generating electricity based read more »

Climate Change and Carbon Management Course

posted under Courses, Promethium in the News on 08 Jun 2014

“The environmental reality of climate change is fast becoming an economic reality. As companies confront the demands of a low-carbon future, they face new choices, new challenges, new competitors, and – ultimately – new opportunities to reshape industries and markets around the globe”.
(The McKinsey Quarterly)

Questions you might have asked:

  • Want to have some tools to identify the risks and opportunities that climate change brings to your company?
  • Want to determine what your organisation’s carbon footprint is?
  • Want to identify the main drivers of your carbon footprint?
  • Want to set a Greenhouse Gas target and wondered how tracking progress towards the target would work?
  • Wondered read more »

Climate Reality Project 28 April 2014

posted under Promethium in the News on 02 Jun 2014

Source: 50/50

Ms Harmke Immink, director at Promethium Carbon, is featured in this video clip from the television program 50/50. Ms Immink joined other speakers participating at the Climate Reality Project which was held at the Sandton Convention Centre in Johannesburg on the 28th April 2014.

Please watch the video here>>

Top Five Worldwide

posted under Promethium in the News on 30 May 2014

Source: Supply Chain Today

South African companies continue to excel in the field of climate change reporting disclosure. The CDP’s 2013 Global 500 Climate Change Report has revealed that 63% of the South African companies in the Global 500 achieved disclosure scores of over 90%. This ranks South Africa among the top five countries in the world.

The annual CDP Global 500 Climate Change 2013 report analyses the climate strategies of the world’s largest 500 listed corporations and reveals the best performers.

Out of the eight JSE-listed companies that featured in the Global 500, Kumba Iron Ore achieved the highest disclosure score.
Promethium read more »

Seeding it for sustainability

posted under Promethium in the News on 30 May 2014

Source: MTN Fusion Magazine

Since the first Design lndaba was held in1995, the organisers have been conscious of their carbon footprint and have taken measures to limit and offset the CO2 emissions the event generates.  In the past this has involved offsetting any travel and hotel costs. However there’s another source of co2,that needed attention- the use of technology at the conference.  Tweets,posts, lnstagram messages, e-mails and surfing the web all emit C02.  One tweet alone emits 0.02g of carbon dioxide.  So in collaboration with Promethium Carbon, MTN decided to calculate the co2, emissions for various devices, screens and data usage and find out how much read more »

Carbon trading is possible in SA

posted under Promethium in the News on 27 May 2014

Source: The Civil Engineering Contractor

Promethium Carbon has released a report addressing the potential structuring of the market for a carbon offset trading system in South Africa.

The purpose of the report is to identify the requirements for such a trading system, and it was funded by the British High Commission’s Prosperity Fund.

The South African government’s climate change strategy allows for the potential use of carbon offsets in two applications. The first is to allow companies to mitigate their financial liability in terms of the proposed carbon tax.

Secondly, it enables companies to use offsets against a potential carbon offset trading system. read more »

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