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New Efficient way to ease companies’ Financial Reporting Burden | Carbon Tax 2022
In the 2022 National Budget Speech, the Minister of Finance, Enoch Godongwana, announced that Phase 1 will be extended until 31 December 2025 with Phase 2 only being implemented on 1 January 2026.
The Carbon Tax rate was increased by R10 from R134 to R144 per tonne in the Budget Speech with effect from 1 January 2022. The rate will continue to increase annually by inflation. The annual increase during Phase 2 will increase with greater increments to reach $30 by 2030.
Green Building Design Group has designed a free Carbon Tax Assessment Tool to help businesses report on their emissions. The Carbon Tax Assessment Tool reports on Scope 1 and Scope 2 emissions. It analyses the carbon footprint against the currently indicated regulatory framework with respect to the following GHG economic activities.
clean tech
Opportunities
Opportunities within the organic, e-waste, plastics and builders’ rubble sectors have the potential to add between R661.3 and R1,086.4 billion in value to the South African economy.
As we continue to manage a drought, based on population and economic growth projections, South Africa could have a 17% gap between water supply and demand by 2030. This means there are significant opportunities in the industrial water market (opportunities in the agri-processing sector); and the municipal water market (opportunities in waterworks and wastewater treatment works).
Our Research
Key Risks facing businesses as a direct impact of Climate Change
Physical Risk -
Climate related events affect infrastructure, security of resources, sustainability of crops and business operations
Transitional Risks -
When businesses transition towards less carbon intensive model suddenly or disorderly they may suffer a loss from re-evaluation of asset prices
Liability Risk -
Insurers may suffer when businesses or people claim compensation for losses suffered from physical or transition risks
vision for the future
Integrated Green Building innovation into the South African Economic Recovery Plan
“This week the South African government gazetted 50 strategic integrated projects valued at R340 billion (USD 21 Billion) as part of its infrastructure development plans to institute a green recovery plan for South Africa following the devastating economic impacts left by COVID-19. The projects are focused on different targets including water and sanitation, energy and human settlements. I am proud of this recent project that was recently executed by the Green Building Design Group team along with its partners IFC – International Finance Corporation as it seeks to plug into the sustainable infrastructure trajectory that has been seen set for the country as a whole. To read more about the project and its key successes and challenges please read my latest article below.” – Songo Didiza
vision for the future
Energy Insight: Business model innovations for utility and mini-grid integration: Insights from the Utilities 2.0 initiative in Uganda
Our co-founder Sumaya Mahomed et al. writes on the historical context from which many African utilities have emerged has left a challenging legacy regarding the provision of energy service delivery to all. As rural electrification receives growing attention, a wave of decentralised renewable energy (DRE) technologies and business models are changing the energy service delivery landscape.
This paper focuses specifically on the opportunities for distribution utilities and mini-grid developers to collaborate.
vision for the future
GreenBDG’s Monthly Newsletter
South Africa’s government unveiled a plan to galvanise R2.3 trillion in new infrastructure investment over the next decade that could create more than 1.8 million jobs and revive an economy battered by the coronavirus pandemic. Read our latest newsletter
vision for the future
New IFC Report Explains How to Unlock $25 Trillion in Green Buildings Investments in Emerging Markets
The report offers a uniquely private sector perspective on the investment potential in emerging markets and how to realize this potential, according to IFC. It draws on IFC’s almost decade-long experience investing $5.5 billion in green buildings, as well as lessons learned helping governments to design and implement building codes to catalyze green building markets.
Green Building Design Group is a proud partner of the IFC EDGE program in South Africa.