South Africa’s power utility Eskom announced the shutdown of the last generating unit of its 61-year-old Komati Power Station. The station’s final commissioned unit, Komati Unit 9, entered service in March 1966. The other units were decommissioned over time as they approached the end of their useful lives. From site leveling to Unit 9’s commercial…
The Just Energy Transition Partnership (JETP), an investment strategy that will allow South Africa to access up to $8.5 billion in investment to finance the country’s transition away from coal, has received official support from the cabinet. The JETP partners made a $8.5 billion pledge at COP26 in Scotland last year to help South Africa…
Saudi’s ACWA Power and the Industrial Development Corporation of South Africa (IDC), a government-owned Development Finance Institution, have signed an extensive memorandum of understanding (MoU) exploring a partnership in the development of green hydrogen and its derivatives in South Africa.This partnership coincides with the state visit of the South African President Cyril Ramaphosa to the…
South Africa wants to spend billions of dollars fostering an electric vehicle industry, complicating efforts to finalize an $8.5 billion climate aid package before next month’s United Nations climate summit. The landmark funding plan unveiled at last year’s climate conference in Glasgow was meant to help South Africa wean itself off coal. It was hailed…
Climate finance committed by major multilateral development banks (MDBs) rose in 2021 with over $19 billion committed to climate change adaptation finance, according to the Joint Report on Multilateral Development Banks’ Climate Finance, published on Friday. The report tracks the progress of MDBs in relation to their climate finance targets such as those announced at COP21 and…
The General-Secretary of the United Nations (UN), Mr António Guterres, believes parliaments across the world have an important role to play in the global effort to achieve the Sustainable Development Goals (SDGs) and build a better world. Delivering a video message at the opening of the G20 Parliamentary Speakers’ Summit in Jakarta, Indonesia, yesterday, the…
Amazon.com says it will invest more than 1 billion euros ($974.8 million) over the next five years in electric vans, trucks and low-emission package hubs across Europe, accelerating its drive to achieve net-zero carbon. The retailer said the investment was also aimed at spurring innovation across the transportation industry and encouraging more public charging infrastructure…
I fancied an electric vehicle. Let’s change that, I drove one, enjoyed the ride and got the curious stares. That was around three to four years ago when my ex-colleague at Rio Tinto, Gugu Lourie brought the massive BMW i8 for me to try out. Lourie runs the hugely successful Techfinancials, showcasing some of the…
South Africa’s Cabinet will next week review the Just Energy Transition Plan road map that the country will present at COP 27. The plan, which details how South Africa intends to wean the country of coal-fired energy which contributes the majority of carbon emissions, was also presented to the International Partners Group (IPG) in order…
Africa still has an energy access problem; we need to discuss that before we speak of Just Transition. This sentiment was expressed by Dr Amani Abou-Zeid, commissioner for infrastructure and energy at the African Union Commission at a panel discussion that took places at the at the African Oil Week and Green Energy Africa conference in Cape…
