South Africa
Country indicators
GDP per capita - gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. (Source: World Bank)
GDP per capita (USD):
6,748.23
Fossil fuel subsidies (USD, billions) - All consumer and producer pre-tax subsidies. Pre-tax consumer subsidies exist when energy consumers pay prices that are below the costs incurred to supply them with this energy. (Source: IMF)
Fossil fuel subsidies (USD, billions):
3.74
Fossil Fuel Subsidies as % of GDP - All consumer and producer pre-tax subsidies as percent of a country’s GDP. (Source: IMF)
Fossil fuel subsidies (% of GDP):
1.07
Fossil Fuel Subsidies with externalities as % of GDP - All consumer and producer post-tax subsidies. Post-tax consumer subsidies exist if consumer prices for energy are below supply costs plus the efficient levels of taxation. (Source: IMF)
Fossil fuel subsidies with externalities (% of GDP):
13.64
Revenue from environmentally related taxes as % of GDP - All revenue from environmentally related taxes - defined as any compulsory, unrequited payment to general government levied on tax-bases deemed to be of particular environmental relevance – as percent of a country’s GDP. (Source: OECD)
Revenue from environmentally related taxes (% of GDP):
2.685
Carbon pricing gap - Measure of how much countries fall short of pricing carbon emissions in line with a EUR 60 benchmark value (midpoint estimate of the carbon costs in 2020 and a low-end estimate for 2030). The difference is presented as percentage: If the Effective Carbon Rate (ECR) on all emissions is at least as high as the benchmark, the gap is zero, and if the ECR is zero throughout, the gap is 100%. (Source: OECD)
Carbon Pricing Gap (%):
89
News
South Africa’s Draft Green Paper On New Energy Vehicles Is A Step In The Right Direction
2021-06-08
The Auto Green Paper aims to address key policy issues that will create and stimulate production of electric vehicles and associated components locally whilst looking at how to manage the
International Energy agency: End new fossil fuel supply investments
2021-05-31
The International Energy Agency says immediate action is needed to reshape the world’s energy sector in order to meet ambitious climate goals by 2050, including ending investments in new coal
Leaders Summit Showcases Clean Energy Commitments to Tackle Global Climate Crisis
2021-05-11
In late April, US President Joe Biden convened 40 world leaders to “galvanize efforts” by the world’s major economies to tackle climate change, highlight economic benefits of early, “decisive” action,