On 2 November 2015, the South African National Treasury
published a Draft Carbon Tax Bill (the "Bill") for public
comment, with the comment period commencing immediately and
continuing until 15 December 2015.
Measurement, reporting and verification
("MRV") of emissions data arising from
greenhouse gas related activities underpin the effective
functioning of the proposed carbon tax. Defining a carbon tax
liable entity's reporting boundary and identifying its
emissions sources are important first steps for the collection and
processing of emissions data on which its carbon tax liability will
be calculated.
The South African MRV regulatory structure for greenhouse gases
is evolving. As a result, in many companies, the governance and
accountability for greenhouse gas emissions data collection and
reporting may not yet be well defined or subject to effective
controls. This could be problematic as reliable and verifiable
greenhouse gas emissions data is necessary to
