Verra South Africa Newsletter
Verra is a global leader helping to tackle the world’s most intractable environmental and social challenges by developing and managing standards that help the private sector, countries, and civil society achieve ambitious sustainable development and climate action goals.
In South Africa, Verra provides support in the implementation of Carbon Tax act (2019) through its Verified Carbon Standard (VCS) programme that is an accredited standard for entities with tax obligations to to cover a portion of their tax liability using Verified Carbon Units (VCUs).
The latest South Africa-specific newsletter has these main takeaways:
- The number of Verra Carbon Standard (VCS) certified projects are steadily increasing, from 24 to 30 projects year-on-year
- The number of Verra Carbon Units (VCUs) that filed for retirement in October 2020, nearly doubled from the last year (2019) to almost 1.2 million VCUs according to the South African Carbon Offset Administration System (COAS).
More on the findings (and source data) can be found in Issue #3: Q1 | 2021