đź”’ Financial Times perspective: South Africa’s green deal on coal power cuts fails to ignite
At last year’s COP26 summit, Western nations agreed to provide $8.5bn of funds to help speed SA’s transition from coal to renewable energy.
At last year’s COP26 summit, Western nations agreed to provide $8.5bn of funds to help speed SA’s transition from coal to renewable energy.
It’s fine to be woke on climate change, but “not in my backyard,” seems to be the lived consensus among developed nations.
The ANC has ruined Eskom with corruption, racial engineering, incompetence and mad policies. It failed to build power stations and so we ran out of electricity in 2007.
“Eskom’s transition to renewable energy ‘will be difficult, if not impossible,’ without a solution to its debt woes, according to David Masondo.”
About 1,000MW of capacity is set to be decommissioned annually over the next decade – an opportunity to begin overhauling the energy system. But how?
Komati’s sole remaining working unit is facing closure within two years under plans by Eskom to shut about a quarter of its coal-fired capacity by 2030.
Record-high renewables growth is transforming Australia’s electricity landscape, pushing out coal plants and lowering prices and emissions.
There are a few hard truths, and numbers. Eskom’s debt is at more than R440bn and rising, according to the power utility’s own financials.
CEO of African Source Markets, Bevan Robert Jones, has penned an open letter to the minister of Public Enterprises Pravin Gordhan with some options for an Eskom fix.
Eskom has yet another thing to worry about – a big carbon tax bill expected to kick in from 2023.