{'IkiSheet': 'covid19', 'page_number': 30, 'region': 'Africa', 'parameter': 'Y_General', 'income_group': 'Middle-income', 'annex_type': 'Non-Annex I'}
With COVID-19, there has been a reduction in GHG emissions globally, but there is very high uncertainty on how long it may take the economy to recover, and for emissions to potentially rise again. While these factors have been taken into account as far as possible, this has added additional
With COVID-19, there has been a reduction in GHG emissions globally, but there is very high uncertainty on how long it may take the economy to recover, and for emissions to potentially rise again. While these factors have been taken into account as far as possible, this has added additional uncertainties to emissions projections for the 2020s. Another key implication relates to support. While the socio-economic consequences of COVID-19 are highly uncertain, it is very likely that South Africa will be more highly indebted than prior to the crisis, which will add additional strain to the South African fiscus, constrain local capital markets and potentially increase the cost of borrowing.
With COVID-19, there has been a reduction in GHG emissions globally, but there is very high uncertainty on how long it may take the economy to recover, and for emissions to potentially rise again. While these factors have been taken into account as far as possible, this has added additional uncertainties to emissions projections for the 2020s. Another key implication relates to support. While the socio-economic consequences of COVID-19 are highly uncertain, it is very likely that South Africa will be more highly indebted than prior to the crisis, which will add additional strain to the South African fiscus, constrain local capital markets and potentially increase the cost of borrowing.