We are pleased to share the new “Data and Insights” brief for South Africa, which includes data on cumulative and recent VCS activity through March 2021.
The carbon tax continues to be the main driver for carbon credit issuances and retirements. Emitters may reduce their tax liability by 5–10% through the use of carbon credits from domestic projects that reduce or remove emissions and do not receive benefits from other government incentives.
The filing of returns for the 2020 reporting period (1 January 2020 – 31 December 2020) is due by 31 July 2021.
More information is available at:
The number of VCS projects in South Africa has steadily increased — from 24 to 30 — since the start of our Data & Insights briefs for South Africa (Q3/2020). This number includes both projects that originated under the VCS and projects from other GHG programs that transferred into the VCS Program.
While the next carbon tax return filing is not due until 31 July, almost 1.2 million VCUs have already been retired on the Verra registry in Q1/2021 to be listed in the South African Carbon Offset Administration System (COAS) system. This is almost double the number of VCUs retired for the filing deadline last October.
|Energy industries (renewable/non-renewable sources)||10|
|Waste handling and disposal||6|
*One VCU represents one tonne of carbon dioxide equivalent that was removed from the atmosphere or not emitted.
Greenhouse gas equivalencies for emission reductions and removals were calculated using the EPA Greenhouse Gas Equivalencies Calculator
|Waste handling and disposal||130,220|