Offsets to Cushion South African Carbon Tax

To curb greenhouse gas emissions, South Africa wants to put a tax on carbon emissions from big polluters.

Hard-Hit CDM Carbon Market Seeks New Buyers

Since they first emerged as a result of the 1997 Kyoto Protocol, carbon offset markets have been a key part of international emissions reductions agreements, allowing rich countries in the North to invest in “emissions-saving projects” in the South while they continue to emit CO2.