As an association member, SA can participate in various IEA activities in a nonbinding manner, while member countries are required, for example, to comply with requirements such as holding strategic oil stocks
06 November 2018 - 17:30
byLisa Steyn
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
SA has officially joined the International Energy Agency (IEA), where it will collaborate with the energy authority regarding its aim to provide affordable, accessible and clean energy.
In a signing ceremony that took place on the sidelines of the Africa Oil Week conference in Cape Town on Tuesday, energy minister Jeff Radebe said SA would become the eighth “association member’’ to join the agency, and the first nation from Sub-Saharan Africa to formalise its relationship with it.
The IEA comprises 38 countries (30 members and now eight association members), which represent 75% of global energy consumption. To be a member country of the IEA, the nation has to be an Organisation for Economic Co-operation and Development (OECD) member.
SA’s admission into the IEA was described as mutually beneficial. SA will benefit from the IEA’s relationship and authority with its member countries, Radebe said.
“We will improve on on areas such as energy planning — including all sectors such as electricity, liquid fuels and gas — energy statistics energy efficiency, grid integration and energy innovation to mention a few.”
Fatih Birol, executive director of the IEA, said a joint work programme would look at how to integrate renewable energy into the national power grid in a more secure and more economic way in SA and how to improve the design in the gas markets in SA — presumably in preparation for government’s mooted plan to introduce more gas power into the mix.
The programme would also provide training for department of energy officials.
Birol said SA had shown great leadership over the past decades in regional and global energy and climate debates. “Increased engagement will greatly help promote clean energy transitions and energy access in the region and beyond,” he said.
Radebe noted that as an association member, SA could participate in various IEA activities in a “nonbinding” manner. Member countries, for example, are required to comply with various requirements such as holding strategic oil stocks.
SA had entered into a memorandum of understanding with the IEA in 2011. The IEA said SA joining as an association member would not imply or trigger any new financial implications or obligations for SA.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
SA joins International Energy Agency fold
As an association member, SA can participate in various IEA activities in a nonbinding manner, while member countries are required, for example, to comply with requirements such as holding strategic oil stocks
SA has officially joined the International Energy Agency (IEA), where it will collaborate with the energy authority regarding its aim to provide affordable, accessible and clean energy.
In a signing ceremony that took place on the sidelines of the Africa Oil Week conference in Cape Town on Tuesday, energy minister Jeff Radebe said SA would become the eighth “association member’’ to join the agency, and the first nation from Sub-Saharan Africa to formalise its relationship with it.
The IEA comprises 38 countries (30 members and now eight association members), which represent 75% of global energy consumption. To be a member country of the IEA, the nation has to be an Organisation for Economic Co-operation and Development (OECD) member.
SA’s admission into the IEA was described as mutually beneficial. SA will benefit from the IEA’s relationship and authority with its member countries, Radebe said.
“We will improve on on areas such as energy planning — including all sectors such as electricity, liquid fuels and gas — energy statistics energy efficiency, grid integration and energy innovation to mention a few.”
Fatih Birol, executive director of the IEA, said a joint work programme would look at how to integrate renewable energy into the national power grid in a more secure and more economic way in SA and how to improve the design in the gas markets in SA — presumably in preparation for government’s mooted plan to introduce more gas power into the mix.
The programme would also provide training for department of energy officials.
Birol said SA had shown great leadership over the past decades in regional and global energy and climate debates. “Increased engagement will greatly help promote clean energy transitions and energy access in the region and beyond,” he said.
Radebe noted that as an association member, SA could participate in various IEA activities in a “nonbinding” manner. Member countries, for example, are required to comply with various requirements such as holding strategic oil stocks.
SA had entered into a memorandum of understanding with the IEA in 2011. The IEA said SA joining as an association member would not imply or trigger any new financial implications or obligations for SA.
Steynl@businesslive.co.za
Gordhan: Zuma touted nuke deal as early as 2011
CAROL PATON: Power supply problems come back to haunt cash-strapped Eskom
Greenpeace does not care about workers, NUM says after pollution report
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.
Most Read
Related Articles
Gordhan: Zuma touted nuke deal as early as 2011
CAROL PATON: Power supply problems come back to haunt cash-strapped Eskom
Greenpeace does not care about workers, NUM says after pollution report
Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.