Data and Insights: South Africa

VCS Quarterly Update

ISSUE #6 - Q4/2021

 

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Main Takeaways

VCU issuances reach record high

In 2021, more than 3.5 million were issued to VCS projects in South Africa – almost three times as many as in 2020 (1,198,406).

Carbon tax a strong driver for VCU retirements

In 2021, 1,683,837 VCUs were retired for compliance purposes – more than 10 times as many as for voluntary purposes.

VCS Data and Insights: South Africa - Q4/2021
PROJECTS
This chart includes cumulative data about VCS projects in South Africa.
Project Total
Under Development 3
Under Validation 2
Registration Requested 1
Registered 18
Transferred* 12
*Projects whose credits were transferred from another GHG program
Project Types
AFOLU*
Energy industries (renewable/non-renewable sources)
Waste handling and disposal
Transport
Chemical industry
Industrial processing
Project Total
AFOLU* 5
Energy industries (renewable/non-renewable sources) 13
Waste handling and disposal 7
Transport 1
Chemical industry 9
Industrial processing 1
*Agriculture, Forestry, and Land Use
9,822,335 Expected Annual Emission Reductions from All Projects in South Africa
Summary Totals to Date
VCU Issuances* (Total to Date)

*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

835,327,491
VCUs Globally
181,666,950
cars taken off the road
for a year
5,583,014 VCUs from Projects in South Africa to Date
VCU Issuances by Year
*The South Africa carbon tax was implemented in 2019.
VCU Issuances by Project Type
Energy industries
Waste handling and disposal
Chemical industry
Industrial Processing
Project Type VCUs
Energy industries 3,149,250
Waste handling and disposal 488,882
Chemical industry 1,935,239
Industrial Processing 9,643
Retirements
VCUs that have been purchased and taken off the market forever; a retired VCU represents a carbon offset.
3,261,349 VCUs
818,313
cars taken off the road
for a year