The Climate Change Act, 2024 (Act No. 22 of 2024) in South Africa introduces the National Greenhouse Gas Carbon Budget and Mitigation Plan Regulations to curb greenhouse gas emissions from industries like mining and energy production. Effective from August 1, 2025, it mandates companies with significant emissions to adhere to allocated carbon budgets and implement mitigation plans over three five-year periods. This aims to align with South Africa’s Paris Agreement commitments, promoting sustainable practices while considering socio-economic impacts, with strict reporting and verification to ensure compliance.
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