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Valli Moosa. Picture: File
Replacing South Africa’s aging and inadequate electricity generation capacity with renewable energy plants is an opportunity to spur economic growth and cut emissions, according to Valli Moosa
Moosa was appointed as deputy chair to the 22-member Presidential Climate Change Coordinating Commission in December and effectively runs it, as its chair is President Cyril Ramaphosa.
The commission has members from major polluters, Eskom and Sasol, as well as labour unions, non-governmental organizations and the cabinet.
Replacing South Africa’s aging and inadequate electricity generation capacity with renewable energy plants is an opportunity to spur economic growth and cut emissions, according to Valli Moosa, the deputy chair of the Presidential Climate Change Coordinating Commission.
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SA adviser urges shift to renewables to spur growth
‘There is no shortage of appetite on the part of capital to invest in renewable energy in South Africa.’ said Valli Moosa
By Monique Vanek, Bloomberg
1 Jun 2021 09:06
Image: Waldo Swiegers/Bloomberg
Replacing South Africaâs aging and inadequate electricity generation capacity with renewable energy plants is an opportunity to spur economic growth and cut emissions, the effective head of a presidential climate change commission said.
While many countries face the problem of having to idle fossil fuel-fired power stations to meet climate commitments, many of South Africaâs decades-old, coal-fired plants are due to close anyway, said Valli Moosa, deputy chairman of the Presidential Climate Change Coordinating Commission.
South Africa urged to move to renewables at pace
Replacing South Africa’s ageing and inadequate electricity generation capacity with renewable energy plants is an opportunity to spur economic growth and cut emissions, the effective head of a presidential climate change commission said.
While many countries face the problem of having to idle fossil fuel-fired power stations to meet climate commitments, many of South Africa’s decades-old, coal-fired plants are due to close anyway, said Valli Moosa, deputy chairman of the Presidential Climate Change Coordinating Commission.
“We are an energy-short country. That’s our opportunity and that hole is only going to be filled by renewables,” he said in an interview at his Johannesburg home on 28 May. “There is no shortage of appetite on the part of capital to invest in renewable energy in South Africa.”
The influential International Energy Agency has called for a halt to all new oil, gas and coal exploration in a bid to secure the future of the planet by reducing carbon emissions to net zero by midcentury.
In a report released on May 18, the IEA also said that investment in green technology would have to double to $5 trillion over the next 10 years to meet the 2050 net zero target.
The recommendations come six months ahead of the 26th United Nations Climate Change Conference of the Parties, or COP26, in Glasgow in November, when world leaders will meet to discuss progress on curbing global warming and consider future action.