Categories: discovery green

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

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

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