SA must fully embrace renewables but job losses and financial viability are obstacles
Efficiency of collection, solar storage, innovative electric motor design and rapid installation of financially low-risk tech will enable cost reduction of renewables
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)...
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.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.