Putting a Price on Carbon in South Africa and Other Developing Countries by Winkler Harald;Marquard Andrew;

Author:Winkler, Harald;Marquard, Andrew;
Language: eng
Format: epub
Publisher: Taylor & Francis Group
Published: 2010-05-10T00:00:00+00:00

4.5. Set specific El targets

The above options have drawn on international experience in various ways. The following two consider policy options specific to our own context. One option would be for government to set energy intensity targets for industries, as has been suggested elsewhere (Tyler et al., 2008). South Africa has not expressed its national pledge as an intensity target (unlike China and India), but as a deviation below the BAU trajectory (RSA, 2010a). Part of the national goal could be translated into sector-specific intensity targets, which could be negotiated on the basis of international benchmarks. Specific emissions intensity targets could build on companies’ goals that have already been established. For instance, Sasol has adopted an emissions intensity target aiming to reduce its GHG intensity by 10% below 2004 levels by 2015. While actual trends in GHG intensity reduction suggest that the numerical value of the target could be doubled to 20%, the point for current purposes is that this policy option has the advantage of directly using approaches taken by companies, including by EITI industries. If leadership were shown by Sasol, it might be possible that one of our EI sectors, chemicals and petrochemicals, as a whole, might adopt ambitious intensity targets. The 2009 Carbon Disclosure Project found that of the JSE top 100 companies, ‘20 have GHG emissions targets, while 11 are in the process of defining such targets’ (CDP, 2009). The initial phase of ‘peak, plateau and decline’ needs to slow emissions growth, and intensity targets could make a contribution. However, if there is continued growth in other sectors (e.g. energy supply), then more has to be done elsewhere.

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