Govt spends billions subsidising fossil fuels at huge social cost - report
South Africa is the biggest emitter of greenhouse gases on the continent, with Sasol and Eskom together responsible for more than half of these emissions. A report published by the International Institute for Sustainable Development (IISD) says South Africa spent R172 billion on energy subsidies in the 2020 financial year, with the highest subsidies allocated to fossil fuels.
You might also be interested in
Governments are subsidizing the destruction of nature even as they promise to protect it
When dignitaries from 196 countries converge in Montreal next week to rub shoulders and hash out a new global agreement to save nature, money will be on the agenda.
COP27 diary (November 16): '$100 billion in climate finance more of gesture from rich countries'
The 27th Conference of Parties (COP27) to the United Nations Framework Convention on Climate Change in Sharm El-Sheikh, Egypt, began November 7, 2022. Here’s a look at what happened on day 10 of COP27 climate talks. The draft text for a cover decision is yet to be produced by the COP27 Presidency as of 7.30 am November 17, leading many to wonder how long discussions will continue to arrive at a consensus on the document once released. Just two days of the summit remain.
South African Fossil Fuel Subsidies Hit Record Highs as Country's Energy Crisis Deepens
South Africa's fossil fuel subsidies tripled between 2018 and 2023, hitting USD 7.5 billion, up from USD 2.9 billion 5 years earlier, a new report by IISD reveals.
State of the Sector: Critical energy transition minerals for India
This report presents a comprehensive strategy for securing a reliable supply of critical energy transition materials (CETMs) essential to India's clean energy and low-carbon technology initiatives.