The government's push for growth clashes with the VAT hike, risking lower spending, slower momentum, and doubts about resource efficiency said Professor Inglesi-Lotz
The article from MSN discusses the implications of South Africa's Budget 2025 on the energy sector and the country's transition to sustainable energy sources. It highlights the government's commitment to reducing carbon emissions and transitioning to renewable energy, as evidenced by the allocation of funds towards renewable energy projects and the restructuring of Eskom, the state-owned power company. The budget includes financial support for solar, wind, and battery storage initiatives, aiming to alleviate the ongoing energy crisis characterized by load shedding. However, the article also points out the unspoken challenges such as the potential job losses in the coal sector, the need for significant investment in new infrastructure, and the socio-economic impacts on communities dependent on coal mining. It underscores the delicate balance the government must strike between environmental goals and economic stability, noting that while the budget signals a move towards green energy, the transition's full impact on South Africa's economy and society remains a topic of concern and discussion.
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