In this article, Africa GreenCo founder and CEO Ana Hajduka writes that, as Africa’s energy sector deregulates, exciting opportunities open up for financial innovation to benefit consumers and private-sector buyers and traders can mitigate default risk and provide certified green energy at lower cost.
Transforming South Africa’s manufacturing sector to embrace green practices is not just an environmental necessity but a strategic imperative to remain competitive on the global stage, writes Nedbank Commercial Banking national manager Amith Singh, adding that immediate action is needed to ensure industry adapts to these changes and thrives in a carbon-neutral future. We need to have a direct discussion about the state of manufacturing in South Africa. The European Union’s Carbon Border Adjustment Mechanism (CBAM) is not just on the horizon – it’s quickly approaching and set to fundamentally reshape our industry. The CBAM will impose tariffs on imports based on their carbon content, meaning our goods will face much higher costs unless we drastically cut our carbon footprint. This isn’t just a financial inconvenience; it’s a direct threat to our competitiveness on the global stage.
Engineering News editor Terence Creamer discusses the role of the National Transmission Company South Africa (NTCSA) in the country’s electricity system; its current trading status; its plans to secure its own allowable revenue during upcoming tariff deliberations; and whether it has the capacity to deliver on the ambitious Transmission Development Plan.