Posts tagged as coal

US energy giant says renewables and batteries beat coal, gas and nuclear power

The energy industry is in the grip of massive change, with the cost of renewables and battery storage – without subsidies – beating gas, as well as existing coal and nuclear on costs. This is the view of Jim Robo, the CEO, president and chairman of NextEra, the biggest and most successful utility in the […]

Financial institutions are restricting thermal coal funding

To date, over 100 globally significant financial institutions have announced their divestment from coal mining and/or coal-fired power plants. When significant investors act, global momentum increases. New announcements are occurring on average every week. One of the most recent to publish its policy on thermal coal financing is First Rand. The organisation says it recognises […]

South African coal faces bleak outlook

South Africa’s coal mining industry is on the brink of permanent decline as the country’s main export markets prepare to reduce reliance on imports and global divestment from fossil fuels increases at an exponential rate. Eskom and Sasol, which together take nearly two thirds of the 250-million t of coal produced by South African mines […]

South African coal exports outlook: Approaching long-term decline

. The Institute for Energy Economics and Financial Analysis (IEEFA), a respected international energy think-tank, published an important new report on 16 September 2019 on the future outlook for South African coal exports, which points to an industry in long-term decline with significant risks ahead. The Executive Summary of the IEEFA report is provided below […]

On-going air pollution mitigates against proposed NHI

While the South African ministry of health is keen to introduce a national health insurance (NHI) scheme, it seems that such a scheme may be undermined and made more expensive than necessary, should the minister of environmental affairs fail to limit the levels of air pollution produced by the country’s state-owned electricity utility and some […]

Fossil fuel subsidies persist despite calls for climate action

Leaders of G20 countries have failed to phase out nonsensical fossil fuels subsidies, again. Politicians, as everyone knows, say one thing and often do another. For years, many of the global leaders have been saying that fossil fuel subsidies are unhelpful, do great damage to the environment, and cannot be economically justified. But they do […]

Government sued over Eskom’s ongoing air pollution

Environmental groups take government to the High Court over the ongoing violation of people’s Constitutional right to clean air. The groups claim pollution from Eskom’s coal-fired power plants in the Highveld Priority Area violates residents’ right to a healthy environment under the South African Constitution. On Friday, 7 June 2019, environmental justice group GroundWork and […]

Barbara Creecy faces first major court action as SA’s new minister of environmental affairs

. Just days after World Environment Day on Wednesday 5 June 2019, South Africa’s new Minister of Forestry, Fisheries and Environmental Affairs, Barbara Creecy, faces a huge wake-up call as environmental justice groups  launch a major legal action demanding that government clean up the air in the Mpumalanga Highveld. On Friday 7 June 2019, groundWork […]

Global energy spending stabilised last year, says IEA

The International Energy Agency’s (IEA’s) annual benchmark for tracking energy investment, World Energy Investment 2019 reports that in 2018, global energy investment stabilised at over US$1,8-trillion after three years of decline. The report provides a full picture of today’s capital flows and what they might mean for tomorrow’s energy sector. It assesses whether the frameworks […]