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THE PURPOSE AND BENEFITS OF THE 12L TAX INCENTIVES PROGRAMME
The South African government has committed to reducing carbon emissions to between 398 to 614 Mt CO2-eq by 2030 through its national determined contribution (NDC). The NDC is the cornerstone of South Africa’s climate change response.
The 12L tax incentives programme is one of the measures through which the carbon emission reduction targets will be achieved. The programme encourages businesses to invest in energy-efficient technology and this has the potential to:
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• Reduce the energy intensity of the economy.
• Reduce carbon emissions.
• Reduce production costs and increase profits for businesses through energy savings.
• Increase business competitiveness.
• Help the country to achieve its NDC towards climate change.
