Transcription of SOUTH AFRICAN CARBON OFFSETS PROGRAMME: DRAFT …
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SOUTH AFRICAN CARBON OFFSETS PROGRAMME: DRAFT …
SOUTH AFRICAN CARBON OFFSETS PROGRAMME: DRAFT FRAMEWORK. FOR APPROVAL OF DOMESTIC STANDARDS FOR PUBLIC COMMENT. JANUARY 2022. 1. A- 1. INTRODUCTION .. 3. 2. SUMMARY OF FRAMEWORK STRUCTURE AND PROCESS .. 6. 3. PRINCIPLES AND GOALS OF FRAMEWORK .. 8. Ensure Environmental integrity .. 8. Lower Transaction Costs .. 9. Accommodate SOUTH Africa-Specific Projects .. 11. Provide Transparency .. 11. Accommodate Social, Economic, and Environmental Goals for Co-Benefits .. 11. Withstand International Scrutiny .. 12. 4. DEFINITION AND COMPONENTS OF A STANDARD .. 13. Standards in Practice .. 13. Components of a Standard under the SOUTH Africa CARBON Offset 15.
The carbon offsets system within the carbon tax policy is a key policy measure to cost effectively lower GHG emissions and achieve the NDCs to mitigate climate change impacts and deliver on the committed targets. There is also need to ensure that local carbon offsets projects generate sustainable development benefits and
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