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The government’s new vision for Eskom to avoid the parastatal´s “death spiral”, namely, restructuring, decarbonisation and a just transition, is to be announced by the cabinet in a month’s time according to public enterprises minister Pravin Gordhan in his discussion with Bloomberg News.

Decarbonisation (the move away from coal) to renewables is now in a mature phase globally. In the September 9 Bloomberg New Energy Finance Weekly Review, the figures for the last decade of renewable energy investment are led by solar at $2.5-trillion, reaching a level of about 13% of global electricity in 2018 while avoiding about two-billion tonnes of CO2 emissions. Solar capacity alone has risen nearly 30 times since its 2009 level to currently 663GW (Bloomberg)...

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