Treasury Moves to Develop Carbon Credits Market

Treasury moves to develop Carbon Credits market

By Thebe Mabanga   The National Treasury has announced new measures to further develop South Africa’s carbon credit market, as outlined in this year’s delayed Budget. This is through publication of a consultation paper, titled Developing the South African Carbon Credit Market.  “The consultation paper’s recommendations seek to modernise carbon credit infrastructure, clarify legal and financial regulations, and stimulate investment in South Afric…

Indonesia Targets Sale of 13.4 Billion Tonnes of Carbon Credits to Boost Green Investment

Indonesia has announced intentions to sell 13.4 billion tonnes of carbon dioxide equivalent credits to global buyers, establishing one of the world’s most ambitious carbon market efforts. The move is likely to attract billions of dollars in international investment while also strengthening the country’s climate commitments. With huge tropical forests and renewable energy projects, Indonesia hopes to use natural resources to reduce global emissio…