Owners of buildings in South Africa have one year left to obtain and prominently display an Energy Performance Certificate (EPC) or risk a fine of R5-million, five years imprisonment or both. The regulations, under the National Energy Act, were gazetted a year ago and apply until December 7, 2022, meaning that building owners who have not acted have a year left in which to comply.
HSBC Holdings is planning to phase out the financing of coal used for generating electricity by 2040, the latest bank to commit to ending support for the greenhouse gas-intensive fossil fuel. The London-based lender will stop financing thermal coal in the European Union and countries belonging to the Organisation for Economic Cooperation and Development by 2030, and all other nations a decade later, according to a statement Tuesday. Clients related to the energy source are expected to publish transition plans and those that aren’t compatible with HSBC’s goal to reach net-zero by the middle of the century won’t be provided with new finance.
Eskom says the decision by government to refuse several applications for the postponement of the implementation of some of the air quality compliance timelines set in legislation will result in the immediate shutting of 16 000 MW of capacity and have a “very significant impact on Eskom’s ability to provide electricity”. It is, thus, proposing an engagement with stakeholders on the “way forward”.
INDUSTRY NEWS
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