R1.4 trillion needed to fund SA’s energy transition | Citypress

  • 📰 City_Press
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 72%

South Africa Headlines News

South Africa Latest News,South Africa Headlines

R1.4 trillion needed to fund SA’s energy transition | COP27: SA goes to Egypt seeking a lot more cash if it is to successfully wean itself off fossil fuels

South Africa will need R1.48 trillion over the next five years to transition an economy that’s heavily dependent on coal-generated energy to cleaner energy.

Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Gotta wean itself from corruption first, hey that could have been a movie title but 'Mission Impossible' is already taken...

Who are the major culprits who benefited

Great. More money to plunder. Watta grift green is.

The money is going to be used for ANC election campaigns. Better keep a close watch!

It's beyond the country's reach, and it definitely won't solve the current energy woes.

When President Zuma asked for half that, he got push back from civil society

Why should SA be seeking financial boost to ditch coal-electricity generation for the so-called renewables while struggling to maintain the poorly-constructed and available generating units? Will the envisaged renewables not be subjected to the same shambles treatment?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'The Komati Project' gets $497m renewable energy boost | The Citizen🏭Komati Power plant set to shut down this week, gets R9 billion boost to be turned into a renewable energy site 👀 Find out more here:
Source: TheCitizen_News - 🏆 6. / 75 Read more »

COP27 explained: What it is and why you should care | The CitizenCOP27 kicks off on Sunday, and could be a lifeline for the planet 🌍 Read more about the conference 👇 COP27 ClimateEmergency
Source: TheCitizen_News - 🏆 6. / 75 Read more »

West Africa: #COP27 - Research Identifies Capacities of Nigeria, Ghana, Gambia to Meet Climate Change PledgesAuthored by Gideon Ofosu-Peasah, Obasanjo Oyedele, Onu Kingsley, and Fatou Jeng, the research was funded by the Ford Foundation, as part of the CJID's climate change project.
Source: allafrica - 🏆 1. / 99 Read more »

COP27 must work out how to cut carbon and still develop African economiesCOP27 must work out how to cut carbon and still develop African economies - Negotiations must find pathways for Africa to deliver electricity for economic empowerment while spending less on harmful fuels.
Source: mailandguardian - 🏆 2. / 92 Read more »

COP27 explained by experts: What is it and why should you care?COP27 explained by experts: What is it and why should you care?: When parties meet to negotiate and evaluate progress on climate change, financing for loss and damage will be high on the agenda for developing countries
Source: mailandguardian - 🏆 2. / 92 Read more »

Africa: COP27 Explained By Experts - What Is It and Why Should I Care?Analysis - COP27 is the 27th Conference of the Parties (countries) that signed up to the United Nations Framework Convention on Climate Change. The convention was established at the Rio Earth Summit in 1992, and has been ratified by 198 countries. They agreed to stabilise the production of greenhouse gases in order to prevent dangerous climate change.
Source: allafrica - 🏆 1. / 99 Read more »