Virtually every listed company that reports these days is taking meaningful steps to decarbonise, which is essential. Exports with no carbon emission reduction are going to be penalised financially, to the detriment of the flow of much-needed foreign exchange into South Africa.
Our already weak rand will be further weakened by South African goods being made less competitive by the imposition on them of import tariffs. Company reports generally point to the reduction of Scope 1 and Scope 2 emissions being less tricky than Scope 3, which is why product producers and marketers need to work hand in glove with their clients, given that one person’s Scope 3 can be another person’s Scope 1 and 2.
The introduction of green electrons and green molecules is the answer, as companies best-versed with the global zero-emission imperative are showing.