The picture is almost complete: Further regulations published regarding South Africa’s carbon tax

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While Greta Thunberg has caught the attention of many in recent times with her climate change activism, on the South African front, we saw some important developments regarding carbon tax in South Africa, specifically the following:

  • On 29 November 2019, the Carbon Offset Regulations were published in the Government Gazette (Final Offset Regulations);
  • On 2 December 2019, National Treasury (NT) published the Draft Regulations for the Trade Exposure Allowance (Draft Trade Exposure Regulations), for purposes of the trade exposure allowance catered for in section 10 of the Carbon Tax Act, No. 15 of 2019 (Act); and
  • On 2 December 2019, National Treasury (NT) published the Draft Regulations for the Greenhouse Gas Emissions (GHG) Emissions Intensity Benchmarks (Draft Performance Allowance Regulations), for purposes of the performance allowance catered for in section 11 of the Act.

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