A new report warns of trillions in oil and gas revenues at risk by 2040, with demand set to fall globally in favour of cheaper renewables.

Accelerating renewables in line with the 1.5°C pathway would safeguard global GDP, inflation and jobs in the event of an oil and gas price shock.

The reality is that natural gas is an uncertain investment. Many different variables affect the price of gas on the international trading markets.

Natural gas presents a risk to the success of the green energy transition, to the economy and to the country’s climate goals.

Climate finance can empower South Africa to build a greener, healthier future where it costs less to keep the lights on.

A carbon tax is a fee paid to the government by carbon dioxide (or carbon dioxide equivalent) emitters for every tonne of carbon emitted.

South Africa is a coal-dependent country. Coal makes up 74 per cent of the country’s total electricity supply. In the first quarter of 2021, 81.8 per cent of South Africa’s electricity came from coal.

Banking group FirstRand, which houses FNB and RMB, has joined Nedbank in withdrawing its support for coal-fired power projects.

In the lead up to COP26, regulators are likely to raise the pressure on pension funds to join the fight against climate change, Amundi Asset Management says in a new report.

Investors can no longer afford to ignore the threat of climate change. The window to position their portfolios accordingly “may be shrinking”, says BlackRock, the largest money manager in the world.

In August 2021, the South African government announced a steep rise in the price of petrol – an increase of 91 cents per litre. This will place pressure on consumers, said a representative from the country’s Automobile Association.