Carbon Tax, Carbon Pricing and ESG

Overview

The carbon tax rate will increase by the amount of the consumer price inflation (CPI) of the preceding tax period plus two per cent until 31 December 2022, and thereafter, only by CPI of the preceding tax period. The GHG emissions resulting from fuel combustion activities, industrial processes and fugitive emissions expressed as a carbon dioxide equivalent will be taxable. A person conducting an activity in South Africa resulting in GHG emissions equal to and/or above the thresholds as provided for in Schedule 2 of the Carbon Tax Act, will be subject to carbon tax.

This series of five webinars is aimed at addressing and unpacking the nuances of carbon tax and its interplay with environmental legislation, providing practical insight and an overview of the key provisions within the Carbon Tax Act, and exploring the impact that carbon tax act has on businesses. We look to compare carbon tax in South Africa against environmental levies implemented in other jurisdictions to understand the key successes and failures of carbon tax in South Africa. Finally, we aim to examine carbon taxes through a broader lens by examining the economic impact of its implementation and how carbon taxes will drive the focus on Environmental, Social and Governance (ESG) factors.

Part 1: Carbon Tax 101 – An Overview

18 January 2022 I Click here to read more

Part 2: Carbon Tax – Who is Ultimately Affected by its Implementation?

15 February 2022 I Click here to read more

Part 3: Carbon and Environmental Tax: Budget 2022

23 March 2022 I Click here to read more

Part 4: Practical Considerations, Pitfalls, and Successes of the Carbon Tax Act

20 September 2022 I Click here to read more

Part 5: Carbon Tax, Carbon Pricing and ESG: A Global Perspective

13 October 2022 

Click here to view the full series.

Webinar Content

Part 5: Carbon Tax, Carbon Pricing and ESG: A Global Perspective

13 October 2022

In part five of the Carbon Tax series, Jason Daniel will focus on the differences between the South African carbon tax landscape and international green tax policy, including an emissions trading system, internal carbon pricing and carbon border adjustment mechanisms. Brief consideration will also be given to the link between tax and ESG as well as the task force on climate-related financial disclosures (TCFD) recommendations and the South African Green Finance Taxonomy.

• South African carbon tax landscape and carbon pricing global trends:
  • An emissions trading system (ETS).
  • Carbon tax.
  • A crediting mechanism.
  • Results-based climate finance.
  • Internal carbon pricing.
  • Carbon border adjustment mechanisms.   
• OECD – tax and the environment:
  • Taxing energy use: Using taxes for climate action.
  • Effective carbon rates: Pricing carbon emissions through taxes and emissions trading.
• The rise of ESG and the focus of the “T” in ESG – the link between tax and ESG.
  • Tax and environment.
  • Tax and governance.
  • Tax and social.
• TCFD.
• South African green finance taxonomy

Who should attend?

Tax practitioners, financial directors, financial managers, professionals engaged in the areas of carbon tax reporting and compliance.

Presenter

Jason Daniel

Tax Manager I Tax and Legal Services department, PwC South Africa

Jason holds a BCom (Law), LLB, LLM (International Commercial Law) and LLM (Tax Law). He is an Admitted Attorney of the High Court of South Africa as well as an accredited and registered carbon footprint analyst at the Institute of Environmental Management and Assessment (IEMA). Jason is also a committee member within the South African Institute of Chartered Accountants (SAICA) carbon tax sub-committee.

CPD

This event and successful completion of the online assessment will secure 2 hours verifiable output Tax CPD points.

Event Investment

CPD subscribers: Free for all CPD subscribers.

Regular price: R495.00

SAIT member: R395.00

Group price 1 (5 people max): R950.00

Group price 2 (10 people max): R1 800.00

Group price 3 (15 people max): R2 500.00

Payments and cancellations

• All payments must be made by EFT or by credit card, at least 3 working days before commencement of an event.
• Kindly note that should payment not been received 2 days after the event, legal action will be taken
• Proof of payment will be requested at registration if payment at that point in time has not been reflected on the Tax Faculty's bank account.
• Only written notice of cancellation will be recognised.
• Cancellation conditions:
  • If the cancellation occurs more than 4 working days prior to the event no cancellation fee will be charged.
  • If the cancellation occurs less than 4 working days prior to the event a 100% cancellation fee will apply.
• Delegates who book and fail to attend will be liable for the full event fee.
• The Tax Faculty's liability in the case of an event being cancelled will be limited to a refund or credit of the event fee.
• Please click here for the full terms and conditions.