Thẻ: JETP

Main South Africa Power Union Calls to Suspend Climate Finance Pact

~ Đào Thu Hằng ~ Bình luận về bài viết này

bloomberg.com

  • Transition to renewable energy generation must be ‘just’
  • As many as 51,000 jobs could be affected, union says
The National Union of Mineworkers wants more talks on plans to split Eskom into generation, transmission and distribution units.
The National Union of Mineworkers wants more talks on plans to split Eskom into generation, transmission and distribution units.Photographer: Waldo Swiegers/Bloomberg

The main labor union at South Africa’s state power utility called for the suspension of an $8.5 billion climate finance pact with some of the world’s richest nations as well as plans to break up Eskom Holdings SOC Ltd. into separate units.

Under the Just Energy Transition Partnership, South Africa agreed to begin moving away from generating electricity from coal, the dirtiest fossil fuel, to producing more renewable energy using financing from Germany, France, the UK, the US and the European Union. As part of a broader transition plan, which didn’t use funding from the so-called JETP, Eskom last year shuttered its Komati coal-fired power plant, with more closures slated to follow.

Tiếp tục đọc “Main South Africa Power Union Calls to Suspend Climate Finance Pact” →

Indonesia climate deal in $20bn gridlock as Vietnam, India on hold

~ Đào Thu Hằng ~ Bình luận về bài viết này

asia.nikkei.com

‘Breakthrough’ funded by G7+ investors misses deadline; Hanoi’s $15.5bn plan delayed

Leaders of ASEAN and G20 nations gather this month with climate change, and how to finance tackling it, looming large after one of the hottest summers on record. Illustration by Hiroko Oshima

SAYUMI TAKE and ERWIDA MAULIA, Nikkei staff writersSEPTEMBER 5, 2023 06:00 JST

TOKYO/JAKARTA — Last November, G20 leaders in Bali hailed what they said was a transformational climate change finance deal to help wean Indonesia off coal. Nine months on, not a single dollar of the $20 billion package has been spent on actively closing down fossil fuel projects.

As the Northern Hemisphere sweats out one of the planet’s hottest-ever summers, and G20 leaders prepare to gather again in India this month, the project that was supposed to provide a breakthrough model in paving the way for the developed world to assist emerging countries to reduce carbon while their economies grow remains mired in meetings on operational details.

Tiếp tục đọc “Indonesia climate deal in $20bn gridlock as Vietnam, India on hold” →