Image - 24 October 2024

DiscoveryGreen PRL.jpg

License:: Media Use
The content may be downloaded by journalists, bloggers, columnists, creators of public opinion, etc. It can be used and shared in different media channels to convey, narrate, and comment on your press releases, posts, or information, provided that the content is unmodified. The author or creator shall be attributed to the extent and in the manner required by good practice (this means, for example, that photographers should be attributed).
File format:: .jpg
Size:: 1920 x 1080, 384 KB

Download

Topics

Corporate Information

Contacts

Felicity Hudson

Press contact Head of Reputation Management Discovery Group media_relations_team@discovery.co.za 0115294514

Nthabiseng Chapeshamano

Press contact Senior Reputation Manager Discovery Group Sustainability, Discovery Green and Discovery Insure nthabisengc@discovery.co.za

Zeenat Moorad

Press contact Senior Reputation Manager Banking | Vitality | Sponsorships zeenatm2@discovery.co.za

Karishma Jivan

Press contact Senior Reputation Management Consultant Healthcare & Sustainability karishmaj2@discovery.co.za

Lianne Osterberger

Press contact Senior Manager: Media Relations and Reputation Management LianneO@discovery.co.za 083 27 27 313

Hannah Newbold

Press contact Reputation Management Consultant Insure & Invest hannahn@discovery.co.za

New research from Discovery Green and EY highlights the impact of rising carbon taxes on the electricity costs of South African businesses.

Key findings:
South Africa’s heavy reliance on coal for electricity generation makes it one of the world’s most carbon-intensive economies, exposing local businesses to significant financial risk from global and local carbon taxes. By 2034, carbon taxes could make up over 35% of electricity generation costs. South African businesses face a ‘double whammy’: Local carbon taxes are expected to i