The transition from fossils to renewables and its impact on consumer prices

sappo-renowables

The transition from fossil fuels to cleaner energies is a global pursuit. But it’s faster and more intensive in some countries than others. Take the case of South Africa. Heavily dependent on coal, the country is proceeding with a more intense transition in which renewable energies are set to play a growing role.

Renewable energy technologies have recently established their role in the global energy supply mix. This is because they have begun to overcome two big hurdles. The first was concerns about high cost. The second was their inability to provide secure energy supply. A number of factors have improved their accessibility and affordability. These include technological improvements, economies of scale and increased competition.
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