- European Union plans levy on certain carbon-intensive imports
- National Treasury official punts need for urgent transition
Freight wagons with coal in Mpumalanga, South Africa.
Photographer: Waldo Swiegers/BloombergSouth Africa must accelerate its transition to renewable energy to avoid export penalties being threatened by key trading partners, a government official said on Wednesday.
“We doing this for ourselves because it is absolutely the right way to go” said Vukile Davidson, National Treasury’s chief director of financial markets and stability. “But we are also going to increasingly have to deal with external pressure.”
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South Africa to Face Pressure From Trade Partners to Ditch Coal