The Government of South Africa (GoSA) is making concerted efforts to transition its economy into a more energy efficient and less energy intensive one, including through the National Development Plan’s Vision 2030, the National Climate Change Response Policy and the Integrated Resource Plan. GGGI is supporting these efforts by exploring whether increased electricity prices have incentivized mining related companies to invest in renewable energy and energy efficiency. GGGI’s ‘The impact of electricity price increases on selected mining value chains’ project considered:
- The relationship between South Africa’s mining sector and electricity prices.
- The economic impact of electricity price increases on selected mining industry value chains, including coal, gold, platinum, iron ore and aluminum.
- Whether or not increases in electricity prices have incentivized mining related companies to invest in renewable energy and energy efficiency.
The objectives of the project are to provide government with evidence to inform policy and strategies designed to shift companies along the mining sector value chain to greener energy sources, while growing jobs, improving efficiency and productivity.