“Climate action remains a national and international priority and South Africa remains firmly committed to contributing our best effort towards the global cause of addressing climate change.
“In this regard, we will be submitting our revised Nationally Determined Contribution to mitigate greenhouse-gas emissions to the UNFCCC ahead of COP 26.”
The Carbon Tax Act came into effect in June 2019 to help ease the electricity sector transition and to further promote investment in renewable energy, thereby provisioning for electricity generators to offset additional purchases of renewable electricity against their carbon tax liability for the first phase of the carbon tax until December 31, 2022.
INDUSTRY NEWS
- R1.4bn Mercury BESS project scheduled to enter into operation in Q4 2027April 20, 2026 - 12:04 pm
- Oil persists, coal declines, renewables increase by 2040, but global warming to rise through to …April 17, 2026 - 5:04 pm
- Two South Africa unions accept Eskom 7% wage offer, third union rejects itApril 17, 2026 - 10:04 am
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