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Register and submit bids for the City’s Carbon Credit Online Auction<span> <h2 class="sectHeading">About​​​​​​​</h2></span> <p> The City has been running a landfill gas extraction and beneficiation project for a number of years. The project first began as a Clean Development Mechanism (CDM) Programme of Activities (UNFCCC), which earned CDM emission reduction credits (also known as carbon credits). These credits are now being converted to credits on the South African <a href="" target="_blank">Carbon Offset Administration System (COAS)<i class="icon link-external"></i></a>. </p><p> The City will continue to earn credits for the full lifespan of the programme (approximately 10 - 15 years). Carbon credits have a monetary value, and the City is selling the credits via an online auction. </p><p> Register to take part in the auction and purchase the CDM carbon credits.</p><h4>You must adhere to the following rules as part of the carbon credit sale:</h4><ul><li>Bidders must be registered with COAS prior to submitting a bid; <br></li><li>Bidders must read and understand the <a href="" target="_blank">rules of auction and terms and conditions of sale</a> (should your bid be successful); </li><li>Bids must be submitted during the bidding period from <strong>10 June - 14 June 2024</strong>; and </li><li>Should your bid be successful, you must adhere to the <a href="" target="_blank">conditions of sale</a>, which, among other aspects, requires that payment be made within 24 hours after the successful bidder has been notified by the City that its bid has been successful. </li></ul><h2 class="sectHeading">Registration and bidding period​​​​​​​</h2><p>Register and submit your bid from <strong>10 June - 14 June 2024 (midnight)</strong>.<br></p><h2 class="sectHeading">Register</h2><p> <a href="" target="_blank">Register online to take part in the auction</a>.</p><h4>You will need to provide the following documents to register:</h4><ul><li>A cover letter, signed by the authorised signatory from the bidding company, stating the total bid price for the credits (see the <a href="" target="_blank">rules of auction and terms and conditions</a> for the 'credits' amount).</li><li>Bidding company’s proof of COAS registration </li><li>Business letterhead/affidavit authorising individuals to bid on behalf of the business with details of their names and certified copies of their IDs. </li><li>Registration documents (business, corporations, trusts etc.). <br></li><li>CIPC printout (if provided – not older than 1 year). </li><li>Details of means by which payment will be effected (i.e. EFT or other form of acceptable negotiable instrument). </li><li>Identity documents (individuals) and proof of residence for each individual member of the business put forward as authorised signatory for a bidding company/organisation. </li><li>Proof of address (Utility bill or account in bidders name) </li><li>Proof of address of the business (not older than 3 months) </li><li>Proof of FICA registration deposit. </li><li>Proof of VAT registration and VAT documents (if applicable)<br></li><li>SARS tax clearance <br></li></ul><p>Failure to provide these documents will disqualify aspirant purchasers from participation in the auction and any bids submitted without these documents and information will be disqualified.<br></p><h2 class="sectHeading">Contact us</h2><p>For more information, contact:</p><h4>Oliver Stotko</h4><p> <em>Telephone:<br><a>021 400 6855</a><br><br> Email:<br><a href=""></a></em></p>GP0|#cc1f7b28-f43b-45ab-a0f2-08b4fefef7ed;L0|#0cc1f7b28-f43b-45ab-a0f2-08b4fefef7ed|Issues open for public comment;GTSet|#a7cfb90d-44ad-4426-98ce-565f79932396;GPP|#79e6adda-2aa2-4523-bc29-296828216c9310 June – 14 June 20240



Carbon Credit Auction Rules and Conditions of Sale542442GP0|#63522a5c-a6fd-40ae-a313-2b363ab1ec33;L0|#063522a5c-a6fd-40ae-a313-2b363ab1ec33|Guideline;GTSet|#f1e8889f-f7d7-4d5b-a3f5-af0ca2e076ea;GPP|#d8892104-ce90-493e-b813-93c488f4b1d3;GPP|#0972c695-fd19-46c4-ab5d-9601f17b780e2024-06-09T22:00:00Z



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