The Presidential Climate Commission objects to extending coal-fired power stations beyond their natural lifespan in its latest report on the Just Energy Transition Investment Plan.
The Presidential Climate Commission objects to extending coal-fired power stations beyond their natural lifespan. he Presidential Climate Commission objects to extending coal-fired power stations beyond their natural lifespan in its latestSpeaking at a media briefing, PCC’s executive director,
He argued that extending the lifespan of power stations would be more expensive and would not receive enough investment as many countries are moving into cleaner renewable energy. Olver added that unlocking the national grid at speed and scale is key to many elements of the transition. He also added that funding in the implementation plan should be aligned with National Treasury’s evolving policy, paying particular attention to the need to simplify public-private partnerships for financing of infrastructure.
The report said the JET-IP needs to clearly indicate how the grid expansion will be financed, despite the constraints on public sector funding. Olver said when the government drafts its implementation plan for the JET-investment plan presented at COP27, it should consider redrafting the allocation of funds to accommodate skill development, economic diversification, mine rehabilitation and worker support should be substantially reviewed, and investments increased.
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