Ahead of the November Congress of Parties meeting in Egypt, Minister Gwede Mantashe warned rich nations against imposing energy transition solutions of African nations as 'experiments'. | News24_Business
Minister of Mineral Resources and Energy Gwede Mantashe said developed economies offering energy transition finance to African economies were using them as"guinea pigs" on which to perform energy experiments.
Mantashe told delegates that advanced economies were looking to impose solutions on African countries for energy even though the African continent contributed less than 5% of global emissions despite having a population of over a billion. He said the terms of this funding, which dictated a shift away from coal power, were ill-timed for South Africa, as the country was getting billions in turnover from the coal industry and the European bloc of nations were looking at developing coal power as Russia restricted their access to gas after kicking off a military campaign in Ukraine.
"It can't make sense. And when you say that, sometimes in government, you almost sound like a rebel. You are supportive of funding, but it must talk to our programme," he said.Regarding the return of load shedding at Stage 4 on Tuesday morning, Mantashe said South Africans' frustration could make them lose sight of the progress the country has made in increasing access to electricity, to the point where 87% of the country is electrified in some capacity.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NATASHA MARRIAN: Lessons from SA’s failed coalitionsHow smaller parties are positioning themselves ahead of the 2024 elections and possible coalitions, writes NatashaMarrian.
Read more »
POLITICAL WEEK AHEAD: Transnet strike to continueSatawu and Untu say their members are unlikely to accept an offer that is lower than inflation
Read more »
ECONOMIC WEEK AHEAD: Some relief expected in inflation and retail dataHeightened inflation and rising interest rates continue to weigh on disposable incomes, says economist
Read more »
PSA waiting on draft picket rules ahead of planned protests over wagesThe Public Servants Association (PSA) received a certificate to protest last month after salary negotiations with government deadlocked.
Read more »