Carbon tax in spotlight at CAIA networking session

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The session will be hosted by the Chemical Allied Industries Association (CAIA) and presented by Shamini Harrington, SHE Policy and Sustainability advisor at Sasol.

Most recently, the Treasury published a technical support study relating to Emissions Intensity Benchmarks for the South African Carbon Tax that aims to provide a mechanism to reward companies for early and voluntary action in reducing greenhouse gas (GHG) emissions.

Several developments have taken place regarding the Department of Environmental Affairs' (DEA) Desired Emission Reduction Outcome (DERO) project, which includes carbon tax as one of the mix of measures intended to support a reduction in GHG emissions. The DEA intends to pilot its project during 2016-2020, with aspirational carbon budgets to be negotiated and set with companies this year. No alignment is yet evident between the Treasury and DEA projects.

Provide input

The networking session will provide members and non-members with a consolidated update of South Africa's GHG reduction objectives and projects, as well as with an opportunity to provide input into the submission CAIA is preparing for the Davis Tax Committee.

To facilitate delegates' engagement in terms of queries and concerns, they may review the documents relating to the DEA DERO project and/or the Treasury's Carbon Tax project before the networking session, by emailing az.oc.aiac@ofniaiac.

The cost to attend is R100 and bookings should be made with Louwna Klintworth at az.oc.aiac@aiac.