South African companies are making sound progress as they prepare for a new carbon tax, by improving energy efficiency and monitoring and reporting emission levels. However, the legacy effect of substantial coal-based infrastructure is hindering the transition to alternative, renewable energy sources, finds Catherine Lewis of KPMG.
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While it’s great that the OECD is alive to multinationals’ fears of being caught in a compliance trap, the ‘common understanding’ illustrates a worrying lack of readiness
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