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South Africa needs R178bn to help transition from coal, study says

The country is almost entirely dependent on coal for electricity.
Mpumalanga, where numerous of Eskom's coal burning power stations are based, is one of the most polluted areas in the world. Matla Power Station. Image: Waldo Swiegers, Bloomberg

South Africa needs a climate finance transaction of $11 billion (R178 billion) to help the country transition from coal to renewable energy and to soften the blow for communities dependent on the mining and use of the fossil fuel, a University of Cape Town study said.

South Africa, through state utility Eskom Holdings, is almost entirely dependent on coal for electricity. The country produces the same quantity of greenhouse gases as the UK, which has an economy eight times larger.

“The study envisions a climate finance transaction of $11 billion – the largest and most significant of its kind – that will channel funds towards the accelerated phase-out of coal-fired power, keeping Eskom solvent as it decarbonises,” the university said in a press release on Tuesday about the research. The funds would also support “the communities and workers affected by the shift away from coal.”

South Africa’s eastern Mpumalanga province is heavily dependent on coal mining and coal-fired power plants for employment.

South Africa would only need to use 0.0025% of its landmass to generate enough solar power to meet its energy needs, the study said. The country has suffered intermittent power cuts due to inadequate generation capacity since 2008.

© 2020 Bloomberg


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R 178 billion, don’t make me laugh. How much did we spend on two power stations that don’t even work properly?

I must say the quality of and logic in reporting on MW is pathetic. Must be a lot of Millennials with very limited if any exposure to practical real life doing reports. Including basic maths.

I don’t normally comment and generally just leave people to deal with their own nonsense. But this one winds me up.
1. This article was written by Bloomberg. Scroll to the top and you can see for yourself.
2. The author of the article, after a very quick Google search, is clearly NOT a millennial.
3. This article reports a study done by UCT. Its not analysis done by the journalist. It is a perfect example of unbiased journalism, which is exactly what the world is short of. It reports the findings of the UCT report without adding a layer of journalist bias.

End of comments.





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