Forestry, Fisheries and the Environment Minister Barbara Creecy reports that the Climate Change Response Fund announced by President Cyril Ramaphosa in his State of the Nation Address (SoNA) has been established to support the development of early-warning systems, as well as for adaptation projects to improve the climate resiliency of infrastructure amid the growing threats posed by extreme weather events. Addressing the Presidential Climate Commission (PCC) in Johannesburg, Creecy said that there was also potential to use the fund as a “channel” for financial resources that could be made available to developing countries following the recent operationalisation of a loss and damage fund.
Eskom has announced that it will be reducing loadshedding to Stage 2 from 10:00 on Friday, following the return of additional generating units. The utility says emergency reserves are also adequate and it expects lower electricity demand.
Gas is a key enabler for economic growth and social development in the Southern Africa region, and a cleaner alternative to fossil fuels, says joint venture (JV) Republic of Mozambique Pipeline Investments Company (Rompco) CEO Mlandzeni Boyce, who underscores the importance of gas as a “transitional bridge between coal and renewable-energy sources”. Established as a JV between the governments of South Africa – represented by the South African Gas Development Company (iGas) – and Mozambique, represented by Companhia Moçambicana de Gasoduto (CMG), along with integrated energy and chemical company Sasol, Rompco plays a strategic role in connecting Mozambique’s rich gasfields with South Africa’s energy market.
With a focus on long-term sustainable development and innovation, African energy sector-focused event Africa Energy Indaba (AEI) aims to catalyse change and progress over the next decade. The 2024 iteration of this event will be a “prime example” of this ongoing event’s relevance to the industry, says event organiser Siyenza Management MD Liz Hart, who says the event “reflects a comprehensive strategy designed to address both immediate and future energy challenges while aligning with broader goals of environmental conservation and economic empowerment”.
Solar solutions provider Candi Solar is offering a financing model to companies who cannot afford the commonly significant upfront expenditure for solar energy installations. The initiative addresses a pressing need in the South African market, where conventional financial instruments fail to effectively address more than 90% of companies, says co-founder and FD Fabio Eucalipto. He adds that it is “a gap that Candi Solar is eager to bridge”.