Context Increasing attention is being given internationally to the risks associated with unburnable carbon and stranded assets (UNEP 2015, IEA, 2014; Citi, 2015). Stranded assets are assets that “have suffered from unanticipated or premature write-downs, devaluations or conversion to liabilities” (Caldecott et al, 2014), arising from environmental regulation or other regulatory shifts, as well as market forces and other causes, including the falling costs of competing technologies and structural market decline. Citibank (2015) has estimated that the value of stranded… Read morePolicy Brief: THE IMPACT OF STRANDING POWER SECTOR ASSETS IN SOUTH AFRICA
An initial assessment of Minister Gordhan’s budget speech for 2013 suggests that the carbon tax proposal has been deferred. It has not been dropped, but a definite date set – for 1 January 2015. Last year, the Minister proposed a similar tax for the 2013/14 financial year, this year he indicates it should come into effect on 1 January 2015 – a more precise date. The Minister has also given his department, Treasury, a deadline to release an “updated carbon… Read moreC-tax 2013 – a bit later, but broader and for sure?
The Finance Minister’s budget speech gave little detail of the carbon tax, although Pravin Gordhan did say it will be implemented in the next financial year, i.e. 2013/14. The outlines are sketchy, but it seems the tax will not be as high as it sounds due to exemptions, and rise only slowly in the next seven years. Some more detailed design elements are in the Budget Review, Surprisingly this comes ahead of a more detailed tax design document which… Read moreCarbon tax – a slow start and then?
Yesterday evening (29/11/2011) ERC researcher, Anya Boyd represented the Energy Research Centre at a side event hosted by the Indian Resources Institute (TERI) along with project collaborators Tschingua University from China, and Vitae Civilis from Brazil. The project will span over 2-3 years and is exploring the approach to NAMA’s across the partner countries of Brazil, South Africa, India and China. The project is still in it’s early stages and is divided into 3 work packages. The first Work Package… Read moreNAMAs: BASICally
Climate change mobilizes South Africa’s people at the moment more than usual. The Conference of the Parties (COP) in Durban starts next week. Conferences and events on climate change, green cities and low carbon development are raising consciousness and provoking discussions all over the country. Excitement is huge about this big event that the country will host for the first time. South Africa successfully hosted the soccer World Cup in 2010, proving its capacity to deal with the logistics for… Read moreVariable cloudiness? South Africa and the COP 17
After months of intra-government and public consultation following on from the Climate Response Green Paper, Edith Molewa, Minister of Water and Environmental Affairs, published the White Paper on the National Climate Change response for general information in the government gazette on 19 October 2011. The Gazetted version can be found here: http://www.info.gov.za The South African Cabinet has approved the National Climate Change Response Policy. “This evolving policy must be seen as the embodiment of our commitment to a fair contribution… Read moreSA White Paper on Climate Change
In December 2010 the National Treasury of South Africa released a Discussion Paper on “The Carbon Tax Option” for public comment. In February 2011 the ERC submitted its comments.
The ERC recently submitted comments in response to the National Climate Change Response Green Paper (NCCRGP) issued by the Department of Environmental Affairs. The next key phases in the development of the National Climate Change Response Strategy (NCCRS) are: White Paper Drafting A National Summit In a parallel process conducted by Parliament, the Portfolio Committee on Water and Environmental Affairs invited the ERC to present their comments to the Public Hearings on Climate Change Green Paper. ERC researcher Anya Boyd… Read moreComments on Green Paper
Address by President Jacob Zuma in response to the debate on the State of the Nation Address, National Assembly, Cape Town, February 17 2011 … Honourable Members referred to the important United Nations Conference of the Parties on Climate Change or COP 17 that we will host from the 28th of November to the 9th of December 2011 in Durban. We agree with Honourable Holomisa that the conference should be used as a rallying point to inform and mobilise our… Read moreExcerpt from President Zuma’s response to the debate on the State of the Nation Address