The 12L tax incentive gives South African businesses three more years to save as much as 30% on their energy bills through energy efficiency measures.
A total of 57 carbon pricing initiatives are now implemented or scheduled for implementation globally, up from 51 in April 2018 according to the World Bank.
It’s no longer possible to talk about power and energy without alluding to climate change in some way writes ESI Africa editor Nicolette Pombo-van Zyl.
The price of fuel in South Africa has risen to 74c per litre for petrol and 91c per litre for wholesale diesel and could rise even furtther by June.
The South African government has introduced a new legislation, Carbon Tax, in response to climate change, which will become effective on 1 June 2019.