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06-11-2021, 15:02 #1
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South Africa strikes historic R130bn deal with rich countries to move away from coal
South Africa strikes historic R130bn deal with rich countries to move away from coal - The Mail & Guardian (mg.co.za)
The US, UK, France, Germany and the EU have struck a R130-billion deal with South Africa to accelerate its shift away from coal towards renewables and support coal workers and coal communities.
US President Joe Biden said: “Right now, South Africa is the largest emitter in Africa due in large part to the heavy reliance on coal for power. By closing South African coal plants ahead of schedule and investing in clean power alternatives for the people of South Africa and supporting an equitable and inclusive transition in South Africa’s coal sector, we are following through on the pledge the G7 partners made in Cornwall to accelerate the transition away from coal in developing countries.”
Happy Khambule, a climate change commissioner on the Presidential Climate Change Co-ordinating Commission, said: “The thing they’re trying to do essentially is address the problem that Eskom has been having because of its current fiscal position and yes, they’ve got concessional finance, they’ve got some grants in there, but that was always the nature of development aid. “The problem here is they’re not saying specifically what or how much or what region of decommissioning needs to occur so that the agreement can state value. Yes, they talk about decarbonisation, but we’re not sure if gas is what they think is part of the decarbonisation plan? And yes, because the state has to show some sign of decommissioning in terms of the decarbonisation agenda, they will decommission something, but we’re not sure if the replacement is going to be another fossil [fuel]. That’s where the gaps are really problematic.”
Eskom needs R500 billion to drop coal — De Ruyter (mybroadband.co.za)
Eskom says that it will need between $30 billion (R460 billion) and $35 billion (R537 billion) over the next 15 years to transition away from generating electricity from coal. This is more than triple the amount Eskom previously said it would need to shut down most of its coal-fired power stations by 2050.
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06-11-2021, 15:25 #2
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Re: South Africa strikes historic R130bn deal with rich countries to move away from coal
What a crock of shit this. We have massive coal reserves and producing coal power is the cheapest way to make electricity. We are just going to get milked.
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06-11-2021, 15:34 #3
Re: South Africa strikes historic R130bn deal with rich countries to move away from coal
The money will vanish, due to nobody's fault.
We'll have a much worse electricity supply in 2036 than we do now.
Wiring a nuclear power station to their testicles won't even result in a spark.Last edited by 414gates; 06-11-2021 at 15:36. Reason: spelling
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06-11-2021, 16:17 #4
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Re: South Africa strikes historic R130bn deal with rich countries to move away from coal
The thieving vultures are circling over this one. Cyril's homey Gwede is drooling.
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06-11-2021, 18:26 #5
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Re: South Africa strikes historic R130bn deal with rich countries to move away from coal
“Joe Biden” needs to keep his nose out of South Africa’s business, and mind his own back here in the USSA.
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07-11-2021, 05:17 #6
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Re: South Africa strikes historic R130bn deal with rich countries to move away from coal
This simply proves that the US, UK, France, Germany and the EU still do not understand that Afica - generally spoken - does not work according to western rules.
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07-11-2021, 07:19 #7
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Re: South Africa strikes historic R130bn deal with rich countries to move away from coal
The ANC made a few Billion Rand vanish in record time with Covid funds. I'm sure this R130bn will be no different.
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07-11-2021, 08:40 #8
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Re: South Africa strikes historic R130bn deal with rich countries to move away from coal
I'm shocked that the posts on this thread suggest the whole climate change thing is a new way for the rich to stay rich dropping crumbs along the way and not a genuine movement to save the planet
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07-11-2021, 09:27 #9
Re: South Africa strikes historic R130bn deal with rich countries to move away from coal
Shocked ?
You also think that booster shot mandates every three months for the rest of your life, including children as young as five, is to save people's lives.
Regarding climate change, there is no need to speculate and get emotional, just look around and apply logic. One example - a single active volcano emits more greenhouse gas in one day than the entire footprint of humanity across the entire planet. There are many active volcanoes on the planet. So many, they are not even listed. There are more active volcanoes under the ocean than there are on land. No amount of coal burning or farting cows can equal that gas output.
Anyone who is serious about nature conservation needs to focus their energy on finding a way to remove plastic from landfills and the oceans.
To imagine that humans are causing climate change is to deny science. I don't consider the bought and paid for "climate research" to be science. Prehistoric ages where much warmer than this, and there were no humans around then.
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07-11-2021, 09:47 #10
Re: South Africa strikes historic R130bn deal with rich countries to move away from coal
Climate change is an absolute fact.
Whether humans can make one iota of a difference to it, not so much.Sent electronically, thus not signed.
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