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DRAFT ANNUAL BUDGET OFRICHTERSVELD MUNICIPALITY NC061 2023/24 _2025/26 MEDIUM TERM REVENUE AND EXPENDITURE FRAMEWORKTable of ContentsPart 1 Annual Budget 1.1 1.21.3 1.41.5 1.6 1.7Mayor \'s report
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Energy power and transition refers to the process of transforming the energy sector from traditional energy sources, such as fossil fuels, to more sustainable and renewable energy sources, aiming for greater energy efficiency and reduced environmental impact.
Entities involved in energy production, distribution, or consumption, such as energy companies, regulatory bodies, and sometimes large industrial users, are typically required to file energy power and transition reports.
To fill out the energy power and transition report, entities must gather necessary data regarding their energy consumption, production sources, efficiency measures, and sustainability initiatives, and input this information into the designated reporting format provided by the regulatory authority.
The purpose of energy power and transition is to enhance energy security, reduce greenhouse gas emissions, promote renewable energy usage, and ensure a systematic movement towards a sustainable energy future.
Information that must be reported includes energy consumption data, sources of energy production, measures taken for energy efficiency, carbon emissions, and initiatives for transitioning to renewable energy sources.
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