Foreign governments may be pushing so-called just energy transition on SA while refusing to reciprocate
Pravin Gordhan is wise to express distrust in developed economies pushing SA into their so-called just energy transition away from coal. He refers to their breaking of vaccine promises.
Asian economies are continuing to build new coal-fired power stations. SA should allow privately owned coal power stations to compete with Eskom. We need to allow the coal economy to grow and create jobs. My fear is that foreign governments are pushing this transition while refusing to reciprocate. There will come a time when SA has no coal power stations and coal is exported instead to a tiny cartel of coal power producers, who will dictate the price we receive because those countries gullible enough to transition are no longer buying coal.
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.
LETTER: Tax deduction for retirement savings needs urgent attentionThe investment industry must consult the government on this issue
Read more »
LETTER: Is ANC handing farmers a lemon?SA needs to build a modern, high-tech farming sector able to compete on the world market
Read more »
LETTER: Lack of basic services hurts small business in RondeboschBusinesses left high and dry after theft of Telkom fibre cable
Read more »
LETTER: Localisation will not bring growthWhat is needed is reliable, cheap power, lower taxes and less red tape, as well as secure property rights
Read more »
LETTER: Putin’s big gamble in UkraineRussia’s recognition of independence of two breakaway regions is provocative
Read more »
LETTER: Cutting essential services is not way to goNo customer should have services disconnected for arrears arising from lockdown
Read more »