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Dead bodies raise awareness of the DRME s continued support for fossil fuels
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Old King Coal not such a merry old soul after Eskom confirms major decarbonisation plan
by Tony Carnie, Daily Maverick
July 1, 2021
Old King Coal not such a merry old soul after Eskom confirms major decarbonisation plan
by Tony Carnie, Daily Maverick July 1, 2021 Eskom, the largest single source of climate-warming gas pollution in Africa, has confirmed that it is talking to multilateral banks and development finance agencies to fund a major switchover to “cleaner energy” options and the early closure of several coal-fired power plants.
South Africa’s industrial economy was built on coal, and the country’s dependency on this cheap fuel was entrenched in the 1970s with massive infrastructure investment in new coal mines, coal power plants, coal-to-liquid fuels plants and a massive rise in coal exports. However, that could be changing at last with the news that Eskom is developing a Just Energy Transaction (JET) plan to move the country away from its unenviable status as
Old King Coal not such a merry old soul after Eskom confirms major decarbonisation plan Tony Carnie © Copyright (c) Daily Maverick , All Rights Reserved
Eskom, the largest single source of climate-warming gas pollution in Africa, has confirmed that it is talking to multilateral banks and development finance agencies to fund a major switchover to “cleaner energy” options and the early closure of several coal-fired power plants.
South Africa’s industrial economy was built on coal, and the country’s dependency on this cheap fuel was entrenched in the 1970s with massive infrastructure investment in new coal mines, coal power plants, coal-to-liquid fuels plants and a massive rise in coal exports. However, that could be changing at last with the news that Eskom is developing a Just Energy Transaction (JET) plan to move the country away from its unenviable status as one of the most carbon-intensive nations in the world.
Activists protest over Standard Bankâs potential backing of East Africa oil pipeline
By Shakirah Thebus
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Cape Town - A visual demonstration was held outside the Standard Bank Thibault Square branch in Cape Townâs CBD over the weekend, in protest against the bankâs potential financial backing of the East African Crude Oil Pipeline (EACOP).
Extinction Rebellion (XR) Cape Town participated in the international #StopEACOP campaign on Saturday.
EACOP is a 1 445km pipeline that will transport crude oil from Kabale, Uganda, to the Chongoleani peninsula near Tanga port in Tanzania.
Major banks and financial institutions are funding the $3.5 billion project (about R53.7bn). The project will be the longest electrically heated pipeline in the world.
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