Comments on the Carbon Offsets Paper issued by National Treasury in April 2014

 

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dc.contributor.author Energy Research Centre
dc.date.accessioned 2016-02-08T12:24:36Z
dc.date.available 2016-02-08T12:24:36Z
dc.date.issued 2014
dc.identifier.citation Energy Research Centre. (2014). Comments on the Carbon Offsets Paper issued by National Treasury in April 2014. Energy Research Centre, University of Cape Town, Cape Town, South Africa. en_ZA
dc.identifier.uri http://hdl.handle.net/11427/16899
dc.description.abstract While this is not the paper on a full emissions trading scheme (ETS) that had been indicated, comments are provided on the narrower focus of domestic offsets. The design is closely allied to Treasury’s design of a carbon tax as set out in a policy paper (National Treasury 2013), with domestic carbon off-sets designed to reduce tax liability by up to 10%, for activities not covered by the tax. ERC has commented separately on the tax policy, and the present comments should be read together with those comments. The finding that carbon offset projects can generate significant local sustainable development benefits (p. 16) should be treated with caution. The experience with the CDM has been mixed, as assessed for example in (Ellis, Winkler, Morlot & Gagnon-Lebrun 2007). Market mechanisms generally favour low-cost reductions, and require clear policy guidance and / or financial incentives to deliver additional benefits. en_ZA
dc.language eng en_ZA
dc.publisher Energy Research Centre, University of Cape Town. en_ZA
dc.rights Creative Commons Attribution 4.0 International (CC BY 4.0) *
dc.rights.uri http://creativecommons.org/licenses/by/4.0/ en_ZA
dc.source Energy Research Centre en_ZA
dc.subject.other Carbon taxes
dc.subject.other Greenhouse gas mitigation
dc.subject.other Energy policy
dc.title Comments on the Carbon Offsets Paper issued by National Treasury in April 2014 en_ZA
dc.type Journal Article en_ZA
dc.date.updated 2016-02-04T09:39:16Z
uct.type.publication Research en_ZA
uct.type.resource Article en_ZA
uct.subject.keywords Carbon Offsets Paper en_ZA
dc.publisher.institution University of Cape Town
dc.publisher.faculty Faculty of Engineering and the Built Environment
dc.publisher.department Energy Research Centre en_ZA
uct.type.filetype Text
uct.type.filetype Image
dc.identifier.apacitation (2014). Comments on the Carbon Offsets Paper issued by National Treasury in April 2014. <i>Energy Research Centre</i>, http://hdl.handle.net/11427/16899 en_ZA
dc.identifier.chicagocitation "Comments on the Carbon Offsets Paper issued by National Treasury in April 2014." <i>Energy Research Centre</i> (2014) http://hdl.handle.net/11427/16899 en_ZA
dc.identifier.vancouvercitation . Comments on the Carbon Offsets Paper issued by National Treasury in April 2014. Energy Research Centre. 2014; http://hdl.handle.net/11427/16899. en_ZA
dc.identifier.ris TY - Journal Article AU - Energy Research Centre AB - While this is not the paper on a full emissions trading scheme (ETS) that had been indicated, comments are provided on the narrower focus of domestic offsets. The design is closely allied to Treasury’s design of a carbon tax as set out in a policy paper (National Treasury 2013), with domestic carbon off-sets designed to reduce tax liability by up to 10%, for activities not covered by the tax. ERC has commented separately on the tax policy, and the present comments should be read together with those comments. The finding that carbon offset projects can generate significant local sustainable development benefits (p. 16) should be treated with caution. The experience with the CDM has been mixed, as assessed for example in (Ellis, Winkler, Morlot & Gagnon-Lebrun 2007). Market mechanisms generally favour low-cost reductions, and require clear policy guidance and / or financial incentives to deliver additional benefits. DA - 2014 DB - OpenUCT DP - University of Cape Town J1 - Energy Research Centre LK - https://open.uct.ac.za PB - University of Cape Town PY - 2014 T1 - Comments on the Carbon Offsets Paper issued by National Treasury in April 2014 TI - Comments on the Carbon Offsets Paper issued by National Treasury in April 2014 UR - http://hdl.handle.net/11427/16899 ER - en_ZA


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Creative Commons Attribution 4.0 International (CC BY 4.0) Except where otherwise noted, this item's license is described as Creative Commons Attribution 4.0 International (CC BY 4.0)