South Africa aims to publish draft regulations in late April establishing which domestic offset types can be used to comply with the country’s planned carbon tax.
The draft will establish what offset standards – such as the UN’s CDM, Gold Standard or the VCS – will be eligible, as well as a list of project types that emitters are entitled to use, according to Cecil Morden, a senior official in South Africa’s finance ministry.
Offsets from domestic projects within South Africa are likely to be prioritised.
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