On 20 June 2016, the South African National Treasury issued draft carbon offset regulations for public comment. The regulations are in relation to the carbon offset allowance of up to 5% or 10% included in the Carbon Tax Bill, which was consulted on in 2015 and planned to be effective from 1 January 2017 ({News-2015-11-04/P/2- previous coverage}). Under the draft carbon offset regulations, the offset will generally be available for certified emission reductions derived from projects located in South Africa that are outside the scope of activities subject to carbon tax. Renewable energy projects, however, are specifically excluded. Click the...