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SA’s green transition to cost over $64-billion

SA’s green transition to cost over $64-billion

PROMIT MUKHERJEE SOUTH AFRICA'S efforts to wean itself off coal and focus on renewables, battery storage, electric vehicles and setting up a green hydrogen economy would require funding of over a trillion rand ($63.70 billion) by 2030, a top government official said on Tuesday. In November, the United States, Britain, France, Germany and the European Union agreed to offer a $8.5 billion package to help South Africa accelerate a transition from coal. South Africa is the world's 12th biggest emitter of climate-warming gases and the biggest in Africa. It is a coal-intensive economy where a fleet of decades-old and inefficient…
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South Africa’s Eskom CEO sees end to crisis in shift from coal

South Africa’s Eskom CEO sees end to crisis in shift from coal

ALEXANDER WINNING SOUTH African state power utility Eskom sees an opportunity to emerge from years of crisis by shifting from coal-fired power generation towards natural gas and renewables, its chief executive told Reuters. Eskom has implemented power cuts for more than a decade in Africa's most industrialised nation that have held back economic growth and deterred investment. It has roughly 400 billion rands ($25 billion) of debt that it services through regular government bailouts. "From the crisis that Eskom currently finds itself in – very poor plant performance, excessive debt – this contains the opportunity for us to really act…
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