CAROL PATON: Eskom green deal still in play as De Ruyter heads for Glasgow
The government is not doing what it should to solve the utility’s problems or achieve lower emissions
With the country repeatedly plunged into darkness as Eskom’s decrepit power stations fail, the need for a solution to the electricity supply problem is urgent. Investments must be made in new generation, both Eskom’s and privately owned, and into Eskom’s transmission grid. There is no avoiding this, and it will not help the country if the government fails to grasp the nettle, no matter how much it stings.
At the same time, the world is gathering in Glasgow to secure new national commitments for emissions reduction and to commit to funding for developing countries to mitigate and adapt to climate change. The developed world has previously committed to making available $100bn a year in grants and concessional loans, every year for five years. Not all the money is there yet...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
This article is free to read if you sign up or sign in.
If you have already registered or subscribed, please sign in to continue.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.