Carbon Offsets Daily

Daily carbon offset news, insight, community.

SA needs to cut carbon emissions

South Africa needs to find ways to cut carbon emissions in producing electricity to comply with the potential outcomes of COP17 later this year.

Continue Reading at IOL

Tags: , ,

A case for carbon tax

In the article (Treasury uses scare tactics to justify carbon tax, March 14) Philip Lloyd resorts to misrepresentation and obfuscation rather than presenting any substantiation of his assertion that there is “no basis for a carbon tax in SA”.

Continue Reading at

Tags: ,

Carbon tax could earn govt R82,5bn a year

| Sourced From Engineeringnews |

The South African government stood to collect some R82,5-billion a year in additional revenue from carbon tax, if a price of R165/t of CO2e (carbon dioxide equivalent) was assumed.

Read the rest of this entry »

Tags: , ,

S.Africa’s carbon tax could hurt business, consumers

| Sourced From Theafricareport |

By Wendell Roelf CAPE TOWN (Reuters) – South Africa is likely to phase-in a carbon tax on fossil fuel inputs as part of new measures to curb carbon dioxide emissions, the national treasury said, in a move that may hit company profits and hurt consumers. Africa’s biggest economy, also the continent’s worst polluter, is considering three carbon tax options as it moves to reduce CO2 discharges by 34 percent over the next decade.

Read the rest of this entry »

Tags: , , ,

Standard Bank reduces carbon footprint

| Sourced From Southafrica |

South Africa’s Standard Bank has installed a hybrid solar water heating system at its head office in Johannesburg in order to reduce its carbon footprint

Tags: , ,

SA must adopt low-carbon economy

| Sourced From Dispatch |

A LEADING Eastern Cape social scientist and human rights activist has made a passionate call for South Africa to move to a

Tags: , ,

Experts disagree on SA carbon trade plan

| Sourced From Businessday |

Africas uptake of carbon reduction projects has been slow compared to other developing regions. More than 2000 carbon offset projects worldwide are registered under the Clean Development Mechanism.

Read the rest of this entry »

Tags: , , ,

  • Author:
  • Published: Sep 8th, 2010
  • Category: Global
  • Comments: 4

Car sales surge 50% as buyers skip carbon tax avoidance

| Sourced From Busrep |

Pre-emptive buying to avoid the carbon dioxide emissions tax on new cars, which came into effect on Wednesday, and sales to the car rental industry drove new car sales last month to their highest level since January 2008.

New car sales rose 49.6 percent to 33 541 units last month from 22 413 units last August.

Tony Twine, a motor industry analyst and director of Econometrix, said the pre-buying had a major impact on new car sales and the impact probably stretched back to July.

Twine said year-to-date passenger car sales were 25 percent higher than the corresponding period last year but the annual growth of commercial vehicles was probably a more reliable indicator, as they were not touched by the pre-buying.

He said year-to-date light commercial vehicle sales were up 14 percent, which was very healthy indeed.

Econometrix expects new car sales’ monthly growth to drop to single digits for the remainder of the year and is now forecasting 270 000 new car sales this year, which is 20 percent growth on last year and much higher than expected at the beginning of the year.

Sales of new light commercial vehicles, bakkies and minibuses increased year-on-year last month by 8.8 percent to 10 856 units, medium commercial vehicles by 8.7 percent to 587 units and heavy trucks and buses by almost 48 percent to 1 393 units.

Andrew Kirby, the senior vice-president of sales and marketing at Toyota South Africa, said the 36.9 percent increase in total new vehicle sales last month surprised even the most optimistic analysts.

Kirby said dealership sales, a strong yardstick of private buyer activity, represented more than 80 percent of all new vehicles sales while sales to rental companies – at 5 388 units – far exceeded expectations for this time of year, especially taking into account many purchases were brought forward for the World Cup.

He said it appeared both private buyers and rental companies advanced purchases in anticipation of the introduction of the vehicle emissions tax.

Sydney Soundy, the managing director of Absa Vehicle and Asset Finance, said the average financed value per vehicle increased last month to about R207 000, which was about 28 percent higher than the same time last year.

He said this resulted from a combination of reasons, including vehicle price inflation, smaller deposits paid on financed deals, and customers opting for longer contract periods to improve affordability.

Chris de Kock, the executive head of sales and marketing at WesBank, said the lender had seen quite a strong increase in dealer-driven promotional activity since the middle of July to alert customers to the impending carbon tax and incentivising them to bring their purchasing decisions forward.

De Kock said WesBank had received more than 4 400 applications a selling day last month, which was 26 percent more than in August last year.

Brand Pretorius, the chief executive of McCarthy, said the improvement of almost 50 percent in car sales was surprising as a number of popular models were in short supply because of the eight-day strike at local vehicle manufacturers.

Tags: , , ,

  • Author:
  • Published: Sep 3rd, 2010
  • Category: Global
  • Comments: 2

South Africa Realigns Vehicle Carbon Emission Taxes, by Lorys Charalambous, Tax-News.com, Cyprus

| Sourced From Tax-news |

Finance Minister, Pravin Gordhan, has confirmed that he recently met with the chief executive officers of the seven motor vehicle manufacturers in South Africa to discuss their concerns about the introduction of vehicle carbon emissions taxation in the country.

Read the rest of this entry »

Tags: , ,

South Africa gears up for carbon tax

| Sourced From English.peopledaily |

South Africa’s National Treasury has announced that the new “green” tax will also be levied on new light commercial vehicles

Tags: , ,

  • Author:
  • Published: Aug 16th, 2010
  • Category: Global
  • Comments: 4

South Africa: Telecoms Firm is an Unlikely Carbon Trader

| Sourced From Allafrica |

Johannesburg IT MAY sound unusual, but mobile telecommunications company MTN will soon be making money by selling carbon credits following its R22m investment in a tri-generator power plant.

Read the rest of this entry »

Tags: , ,

  • Author:
  • Published: Apr 26th, 2010
  • Category: Global
  • Comments: 4

Empty office space feeds rise of carbon emissions

Unoccupied office space in South Africa is resulting in unnecessary carbon emissions of more than 2 million tons a year, according to a study released this week by office space solutions provider Regus.

Continue Reading at BusRep

Tags: , ,

  • Author:
  • Published: Oct 23rd, 2009
  • Category: Global
  • Comments: 2

Carbon credits part of SAs goal for Cup

Vehicle owners must cough up for new CO2 tax

| Sourced From Busrep.co.za |

The public will bear the brunt of the imminent ad valorem carbon-dioxide emissions tax on new vehicles that will come into effect in March 2010 as automakers pass on the price increase of between two and eight percent.

Read the rest of this entry »

Tags: , ,

CO2 cuts ‘unrealistic for SA’

| Sourced From News24.com |

Cape Town – Cabinet ran its climate change colours up the mast on Thursday, declaring South Africa would not agree to any targets at the looming United Nations Climate Change Conference that could compromise the country’s economic development.

Read the rest of this entry »

Tags: , ,

Mergence argues for greater carbon disclosure in SA

| Sourced From BusRep.co.za |

Mergence Africa Investments tried to rally fellow South African signatories to the UN’s principles for responsible investment (PRI) last year to back a campaign that would press companies to disclose their environmental footprints. It got a response from just one risk management company.

Read the rest of this entry »

Tags: , ,

Carbon storage on cards for SA

| Sourced From The Herald Online |

PETROSAS gas and oil pockets offshore of Mossel Bay, which have been mined empty, and deep saline aquifers in the Karoo basin have been identified as potential sites where carbon dioxide (CO

Tags: , ,

© 2009 Carbon Offsets Daily. All Rights Reserved.

This blog is powered by Wordpress.