The state of carbon tax implementation
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
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 »
Carbon trading as offsets against the proposed carbon tax
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
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
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
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Promethium Carbon receives award at Africa – Middle East Energy Outlook Forum
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).
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Powering Africa naturally
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 »
Support for carbon tax at consultation
Source: 25 Degrees in Africa
The National Treasury held a carbon tax stakeholder consultation in the first week of November at the Energy Research Council, University of Cape Town. The event was attended by members of the government, business, civil society and labour.
Cecil Morden, chief director of economic tax analysis, gave feedback on the responses that the National Treasury received on the carbon tax policy paper and the way forward. ”More that half of the 115 responses received gave either outright or qualified support for the carbon tax, and only 6% expressed unqualified opposition to the tax,” explains Robbie Louw, director read more »
Perspectives on the introduction of CARBON TAX
Source: 25 Degrees in Africa
A lot has been said about the introduction of a carbon tax into the South African economy. It is difficult to maintain a clear head in all the noise, so one needs to go back to the fundamentals from time to time. This article takes a step back and looks at the principles.
Most taxes are fundamentally a penalty on doing something good. A carbon tax is a penalty on doing something bad. Making profit is good for the economy and yet the businessman making the profit is penalised with corporate taxes. Emitting greenhouse gases is read more »
Evaluating the carbon tax policy
Source: Mechanical Technology
A lot has been said about the introduction of a carbon tax to the South African economy. It is difficult to maintain a clear head amidst all the noise, so one needs to go back to the fundamentals from time to time. This article, by Robbie Louw, director of the carbon advisory firm, Promethium Carbon, takes a step back and looks at the principles.
Most taxes are, fundamentally, a penalty for doing something good. A carbon tax is a penalty for doing something bad. Making profit is good for the economy, yet the businessman making the profit is penalised via corporate read more »
Gold Fields ranks tops in carbon ratings
Source: Gold Fields
Johannesburg, 29 November 2013: Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) is pleased to announce that it was ranked first in the 2013 JSE Top 100 Carbon Disclosure Leadership Index (CDLI), which rates companies listed on the Johannesburg Stock Exchange in South Africa on their disclosure of carbon emissions.
Both Gold Fields and Nedbank achieved a perfect disclosure record of 100% and were ranked joined first. In 2012 Gold Fields was second in the CDLI, having won it both in 2011 and 2010. The read more »
SABC News – Channel 404 Interview
Source: SABC News – Channel 404
Mr Robbie Louw, director at Promethium Carbon, joined the SABC News Channel 404 on Friday evening 22 November 2013 for a discussion on climate change, especially in light of the recent COP19 conference that was held in Warsaw.
COP 19 – Classic FM Interview
Source: Classic FM
Mr Robbie Louw, director at Promethium Carbon, joined Classic FM Business Talk on Thursday evening 21 November 2013 for a discussion on climate change, especially in light of the recent COP19 conference that was held in Warsaw.
COP19 Wrap-up – What happened in Warsaw?
The Conference of the Parties to the Kyoto Protocol met for the nineteenth time (COP19) in Warsaw in November this year. The aim of COP19 was to provide a structure for a new global agreement in 2015, to be signed or ratified in Paris. An agreement was reached in Durban in 2011 that a new deal will be developed by 2015 the draft text for this agreement has been approved at COP19.
The negotiations have however been concluded against a backdrop of extreme weather events already experienced in many parts of the world, and scientific information and modelling supporting urgent read more »
COP19 – Day 9
Sustainable transport is a key building block of sustainable low-carbon development. The transport sector is responsible for a quarter of total greenhouse gas (GHG) emissions.
UN Secretary-General Ban Ki-moon said changes in the way cities are planned and the way people and goods move are crucial. At the Rio+20 conference held in Brazil during June 2012, US$175-billion was pledged by eight major Multilateral Development Banks (MDBs), which contributed to making sustainable transport a significant feature in the Post-2015 Development Agenda.
Infrastructure changes are required to ease a transition toward energy-efficient and public transport modes especially following the recent reversal of read more »