September 11, 2018

Four areas of good practice in calculating your carbon emissions

The Technical Guidelines for Monitoring, Reporting and Verification of Greenhouse Gases by Industry include four areas that will assist in ensuing that there is an effective approach to calculating your carbon emissions. These include: 1. Identifying the relevant reporting boundaries: Companies are required to only report their South African sourced emissions data for National Reporting purposes, therefore they need to […]
July 9, 2018

11 Key issues raised on Carbon Tax Policy and Design

This is the second in a series of articles written by Jeremy Grist from Herbert & Liebisch on Carbon Tax regulations in South Africa. Introduction The National Treasury released the first Draft of the Carbon Tax Bill, for public comment, on the 2nd of November 2015.  The draft was open for comments until the 15th of November 2015.  A number […]
June 8, 2018

Carbon Tax in South Africa, what is the Status Quo?

1. Background and current legislative developments On 14 December 2017, the National Treasury released the second Draft Carbon Tax Bill for public comment before submission to Parliament. This is subsequent to the statement made in the Medium-Term Budget Policy Speech by the Minister of Finance on 25 October 2017 and giving effect to the announcement made in the 2017 Budget […]
March 13, 2018
Carbon emissions reporting

A guide to carbon emission reporting and tax in South Africa

This is a guest blog, written by Jeremy Gist and Silvana Claasen from Herbert & Liebisch Incorporated Registered Auditors Background to Carbon Emission Reporting The Paris Agreement was adopted by consensus on 12 December 2015 by 196 countries among which South Africa. The ultimate objective of this international treaty is to coordinate worldwide efforts aimed at keeping a global temperature […]