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South Africa Spent ZAR 112.65 billion in 2020-21 on subsidies and bailouts to fossil fuels
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South Africa Spent ZAR 112.65 billion in 2020-21 on subsidies and bailouts to fossil fuels

The inventory in South Africa shows a total of ZAR 172 billion (USD 10.4 billion) of energy subsidies in 2020/21 see table below. The subsidies include fossil fuels, electricity, hydroelectricity, and nuclear, as well as carbon tax exemptions and bailouts for several carbon-intensive industries. About 77% of the subsidies are delivered as transfers of funds...

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