Energy tax incentive a hit

Greenhouse gas emissions also cut asa result, says survey on the effects of scheme.

- Brian Sokutu

One of South Africa's major energy efficiency tax incentive initiatives, has proven to be a huge success - not only in addressing environmental challenges, but in driving employment, according to the latest Job Impact Report released by the South African National Energy Development Institute (Sanedi).

Sanedi's newest study highlights the positive impact that energy tax incentives have had on jobs since 2013.

In looking at what has been achieved over the 10-year period from 2013 to 2023 key findings of the report include:

► Total energy savings of 27.6 TWh (Terawatt hours, which is a unit of energy); A gross tax rebate of R22.6 billion;

► Achieving a greenhouse gas emission reduction of 26.7 tons; and

Creating about 449 jobs, with an estimated R136 million per annum injected into the economy.