The JSE Ventures Voluntary Carbon Market, in partnership with Xpansiv, facilitated the first trades of carbon credits eligible as offsets against South Africa’s Carbon Tax, with 10,000 credits traded at $8.25 per credit, equivalent to 80% of the current tax rate. The market allows for buying and selling of carbon and renewable energy credits for compliance and voluntary programs, with the recent launch of International Renewable Energy Certificates to offset “scope two” emissions. This initiative aims to accelerate net-zero programs and meet compliance requirements, supporting South African companies in their sustainability goals and transition to net zero.
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Musk and South Africa: The Controversial Legacy of a Billionaire’s Past
Elon Musk, the world's richest man, was born in apartheid-era South Africa and raised in a privileged environment shielded from the country's turmoil. Despite leaving for Canada in 1989 and criticizing his birth country for "openly racist laws," Musk's ties to US President Trump have sparked debates about how his upbringing may have influenced his political views. Recently, Trump signed an executive order halting aid to South Africa, raising questions about Musk's role in shaping...
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