Rich nations head to SA to urge exit from coal

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US, UK, France and Germany to ask SA to hasten its green transition ahead of the UN’s COP26 talks at the end of October

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Eskom's coal-fired Duvha power station in Mpumalanga. Picture: SIMON MATHEBULA

“The developed economies have a responsibility to fund the just transition to a low-carbon economy and climate-resilient society,” said Albi Modise, a spokesperson for the d. He confirmed that John Murton, the UK’s envoy to COP26, will visit the country “to assess opportunities for enhanced co-operation”, but added that the dates are still being finalised.

While the utility has laid out plans to start closing down its coal plants and having them at least partially replaced with renewable energy, gas-fired generation and battery storage, its debt burden of R402bn hinders it from borrowing more money to pay for the energy transition. Multilateral development banks including the World Bank are under pressure from the UN to hasten the green transition. Earlier in 2021, the Asian Development Bank became the first to announce plans to help pay for the early retirement of coal plants.

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And they will find lots of KARPOWRSHIPS anchored in CT, Durban, PE, etc. thanks to GMantashe.

Maybe after 10 years

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