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South Africa Fossil Fuel Subsidies Top $6 Billion, Study Shows

South Africa's fossil fuel subsidies rose to a 118 billion rand ($6.3 billion) in the 2023 fiscal year, providing incentives that encourage their continued use, according to a Canadian think tank. Government support for oil and gas consumption, electricity that's largely generated from coal, and carbon tax exemptions has tripled since 2018 in Africa's most industrialized nation, researchers at the Winnipeg-based International Institute for Sustainable Development wrote in a report published Tuesday.

April 10, 2024

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