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.
South Africa's energy subsidies, mainly dominated by fossil fuels, more than tripled to R172 billion between 2017/18 and 2020/21. This has come at a huge societal cost, according to research by the International Institute for Sustainable Development (IISD).
This webinar, will provide a first look at findings from the IISD "South Africa’s Energy Fiscal Policies" report, presenting key takeaways and recommendations.
Energy subsidies in South Africa more than tripled between FY2017 and FY2020 to ZAR 172 billion (USD 10.4 billion), with the highest subsidies allocated to fossil fuels, according to a new report.
The International Institute for Sustainable Development (IISD) finds in a report on South Africa’s energy fiscal policies, that the social cost of fossil fuel combustion for South Africa is at least R550-billion a year and exceeds, by five times, the revenues government earns from fossil fuel combustion.
A federal parliamentary committee heard several pitches on Monday for what expenses to include in the upcoming Canadian federal budget, from better access to mental-health services to meeting national climate-change goals.