Developing nations are calling for the countries most responsible for climate change to pay for loss and damage
Eskom’s Jan Oberholzer says South Africans should to prepare for more power cuts over the next year
The additional funds from France and Germany will be used to shift South Africa to cleaner energy, so mitigating Ekom’s debt
Eskom has faced chronic power supply constraints over the last year
But the funding will come at a price, given that the $8.5-bn pledged last year, was mostly in the form of loans
President says the country needs more money to meet its targets in transitioning from coal to renewable energy
Contrary to the push for clean energy, several African countries want to develop gas fields for local use and export. And, with Russia’s war in Ukraine, Europeans are ready to compromise
But some African countries plan to push for investment in oil and gas exploration at COP27 in Egypt this month
The facility will produce wind and solar energy and employees, who will keep their jobs, will be reskilled to work in the clean energy sector
Eskom’s new board faces the reality that the utility’s problems far outweigh the board’s solutions to achieve a 75% energy availability