CEO of BLSA_Official explains why the 27th Congress of Parties (COP27) is so vital for the country’s energy plan. Moneyweb PowerSupply BusiMavuso2
The 27th Congress of Parties kicking off this week at Sharm el-Sheikh in Egypt is a big event for South Africa. The South African delegation will be presenting an investment plan for the Just Energy Transition Partnership , a group of developed countries that have pledged $8.5 billion of funding to help us reduce the carbon intensity of the economy.
While the exact role of gas in the transition is not settled, I expect it will play an important role as a transition fuel, creating new opportunities in that sector. The investment plan the delegation will present in Egypt was made public on Friday. Read:South Africa says it needs R1.5trn for energy transition in next 5 years It sets out a vision for electricity production from renewables, a switch to electric vehicles on our roads and a major new green hydrogen industry.
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