Analysis of data shows environmental cost of meeting employment crisis is substantial
First, creating additional jobs within the current energy economic structure are costly to the environment. The narrative that SA’s carbon intensity has decreased due to growth in the financial and services sectors, a decrease in the mining sector and the 2008/9 global economic crisis, needs to be critically assessed.
Second, the embodied carbon in SA exports is at risk of becoming a real cost to the economy in a carbon-constrained world. It can be expected that rising carbon prices at our main trading partners will raise the incentive to tax imported carbon as well. The sideways drift of SA’s jobless coal-and-carbon nexus after the economic crisis of 2008 provides evidence that the country’s fragmented climate and employment plans and policies have yet to show meaningful impact on the country’s development trajectory.
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