Data and Insights: South Africa

VCS Quarterly Update

ISSUE #5 - Q3/2021

 

More information is available at: 

Main Takeaways

2021 issuances double 2020 issuances

By the end of Q3/2021, VCS projects in South Africa issued 2,973,181 VCUs — more than twice the VCUs issued in 2020 (1,319,238). 

VCU Retirements

220,602 VCUs from South African projects were retired in Q3/2021.

AFOLU projects increase slightly

AFOLU projects now make up 14% of projects registered or in the pipeline, up from 11%.

VCS Data and Insights: South Africa - Q3/2021
PROJECTS
This chart includes cumulative data about VCS projects in South Africa.
Project Total
Under Development 4
Under Validation 1
Registration Requested 1
Registered 17
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) 12
Waste handling and disposal 7
Transport 1
Chemical industry 9
Industrial processing 1
*Agriculture, Forestry, and Land Use
9,320,715 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

769,965,785
VCUs Globally
167,452,092
cars taken off the road
for a year
2,225,603 VCUs from Projects in South Africa to Date
VCU Issuances by Year
*The South Africa carbon tax was implemented in 2019.
**as of 30 September 2021
VCU Issuances by Project Type
Energy industries
Waste handling and disposal
Chemical industry
Project Type VCUs
Energy industries 899,569
Waste handling and disposal 41,237
Chemical industry 0
Retirements
VCUs that have been purchased and taken off the market forever; a retired VCU represents a carbon offset.
3,762,707 VCUs
818,313
cars taken off the road
for a year
Issuances for Q2 2021
1,284,797
VCUs
Issuances for Q3 2021**
940,806
VCUs
Retirements for Q2 2021
252,120
VCUs
Retirements for Q3 2021**
220,602
VCUs
** As of 30 September 2021
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