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EXPLANATORY NOTE FOR THE DRAFT …

REPUBLIC OF SOUTH AFRICA. EXPLANATORY NOTE FOR THE. DRAFT regulations ON THE carbon OFFSET. PUBLISHED IN TERMS OF SECTION 20(b) OF THE DRAFT carbon TAX BILL, 2015. 20 June 2016. 1. EXPLANATORY NOTE FOR THE DRAFT regulations ON THE carbon . OFFSET. ====================. BACKGROUND. Government published the DRAFT carbon Tax Bill for public comments and further consultation on the 2nd of November 2015. The DRAFT carbon Tax Bill includes the detailed and revised carbon tax design features as per the carbon Tax Policy Paper of 2013, announcements in Budget 2014 and the carbon Offsets Paper of 2014 and takes into account public comments received following extensive stakeholder consultations since 2011. The overarching design of the carbon tax is informed by the administrative feasibility and practicality of covering most greenhouse gas (GHG) emissions and takes into account the need for a long and smooth transition to a low carbon economy in a sustainable manner.

1 republic of south africa explanatory note for the draft regulations on the carbon offset published in terms of section 20(b) of the draft carbon tax bill,

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