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

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dc.contributor.authorEnergy Research Centre
dc.date.accessioned2016-02-08T12:24:36Z
dc.date.available2016-02-08T12:24:36Z
dc.date.issued2014
dc.date.updated2016-02-04T09:39:16Z
dc.description.abstractWhile 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.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/11427/16899en_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/11427/16899en_ZA
dc.identifier.citationEnergy 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.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
dc.identifier.urihttp://hdl.handle.net/11427/16899
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.languageengen_ZA
dc.publisherEnergy Research Centre, University of Cape Town.en_ZA
dc.publisher.departmentEnergy Research Centreen_ZA
dc.publisher.facultyFaculty of Engineering and the Built Environment
dc.publisher.institutionUniversity of Cape Town
dc.rightsCreative Commons Attribution 4.0 International (CC BY 4.0)*
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/en_ZA
dc.sourceEnergy Research Centreen_ZA
dc.subject.otherCarbon taxes
dc.subject.otherGreenhouse gas mitigation
dc.subject.otherEnergy policy
dc.titleComments on the Carbon Offsets Paper issued by National Treasury in April 2014en_ZA
dc.typeJournal Articleen_ZA
uct.subject.keywordsCarbon Offsets Paperen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceArticleen_ZA
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