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South Africa Just Energy Transition Investment Plan
The South Africa Just Energy Transition Investment Plan (JET-IP) is a $8.5bn deal to help South Africa (ZA) decarbonise its economy, struck at COP26 in 2021. This Just Energy Transition Partnership is a cooperation between the governments of ZA, France, Germany, the United Kingdom, the United States and the European Union. It aims to help South Africa achieve the goals set out in its nationally determined contribution to the Paris Agreement, and prevent emissions of 1 to 1.5 gigatonnes of greenhouse gas emissions. The South African JETP was a model for a subsequent similar agreement on coal power in Indonesia, known as the Indonesia Just Energy Transition Partnership. Alongside the main JETP, there are two other international agreements to accelerate the retirement of coal power plants in South Africa. The others are: * The Eskom Just Energy Transition Project, a $497 million project to support Eskom, South Africa's public utility, to decommission the Komati Power Station. It was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South Africa
South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa. It is bounded to the south by of coastline that stretch along the South Atlantic and Indian Oceans; to the north by the neighbouring countries of Namibia, Botswana, and Zimbabwe; and to the east and northeast by Mozambique and Eswatini. It also completely enclaves the country Lesotho. It is the southernmost country on the mainland of the Old World, and the second-most populous country located entirely south of the equator, after Tanzania. South Africa is a biodiversity hotspot, with unique biomes, plant and animal life. With over 60 million people, the country is the world's 24th-most populous nation and covers an area of . South Africa has three capital cities, with the executive, judicial and legislative branches of government based in Pretoria, Bloemfontein, and Cape Town respectively. The largest city is Johannesburg. About 80% of the population are Black South Afri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2021 United Nations Climate Change Conference
The 2021 United Nations Climate Change Conference, more commonly referred to as COP26, was the 26th United Nations Climate Change conference, held at the SEC Centre in Glasgow, Scotland, United Kingdom, from 31 October to 13 November 2021. The president of the conference was UK cabinet minister Alok Sharma. Delayed for a year due to the COVID-19 pandemic, it was the 26th Conference of the Parties (COP) to the United Nations Framework Convention on Climate Change (UNFCCC), the third meeting of the parties to the 2015 Paris Agreement (designated CMA1, CMA2, CMA3), and the 16th meeting of the parties to the Kyoto Protocol (CMP16). The conference was the first since the Paris Agreement of COP21 that expected parties to make enhanced commitments towards mitigating climate change; the Paris Agreement requires parties to carry out a process colloquially known as the ' ratchet mechanism' every five years to provide improved national pledges. The result of COP26 was the Glasgow Clima ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Just Energy Transition Partnership
A Just Energy Transition Partnership (JETP) is a financing cooperation mechanism to help a heavily coal-dependent emerging economy make a just energy transition The energy transition is the process of downshifting fossil fuels and re-developing whole systems to operate on low carbon energy sources. More generally, an energy transition is a significant structural change in an energy system regarding ... away from coal. Countries Indonesia Senegal This was announced in 2023. South Africa Vietnam This was announced in 2022. References {{reflist Finance Coal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Union
The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been described as a '' sui generis'' political entity (without precedent or comparison) combining the characteristics of both a federation and a confederation. Containing 5.8per cent of the world population in 2020, the EU generated a nominal gross domestic product (GDP) of around trillion in 2021, constituting approximately 18per cent of global nominal GDP. Additionally, all EU states but Bulgaria have a very high Human Development Index according to the United Nations Development Programme. Its cornerstone, the Customs Union, paved the way to establishing an internal single market based on standardised legal framework and legislation that applies in all member states in those matters, and only those matters, where the states have agreed to act ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nationally Determined Contribution
A nationally determined contribution (NDC) or intended nationally determined contribution (INDC) is a non-binding national plan highlighting climate change mitigation, including climate-related targets for greenhouse gas emission reductions. These plans also include policies and measures governments aim to implement in response to climate change and as a contribution to achieve the global targets set out in the Paris Agreement. NDCs are the first greenhouse gas targets under the UNFCCC that apply equally to both developed and developing countries. Process The establishment of NDCs combine the top-down system of a traditional international agreement with bottom-up system-in elements through which countries put forward their own goals and policies in the context of their own national circumstances, capabilities, and priorities, with the goal of reducing global greenhouse gas emissions enough limit anthropogenic temperature rise to well below 2 °C (3.6 °F) above pre-in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paris Agreement
The Paris Agreement (french: Accord de Paris), often referred to as the Paris Accords or the Paris Climate Accords, is an international treaty on climate change. Adopted in 2015, the agreement covers climate change mitigation, Climate change adaptation, adaptation, and Climate finance, finance. The Paris Agreement was negotiated by 196 party (law), parties at the 2015 United Nations Climate Change Conference near Paris, France. As of September 2022, 194 members of the United Nations Framework Convention on Climate Change (UNFCCC) are parties to the agreement. Of the four UNFCCC member states which have not Ratification, ratified the agreement, the only major emitter is Iran. The United States withdrew from the Agreement in 2020, but rejoined in 2021. The Paris Agreement was opened for signature on 22 April 2016 (Earth Day) at a ceremony in New York (state), New York. After the European Union ratified the agreement, sufficient countries had ratified the Agreement responsible for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Greenhouse Gas Emissions
Greenhouse gas emissions from human activities strengthen the greenhouse effect, contributing to climate change. Most is carbon dioxide from burning fossil fuels: coal, oil, and natural gas. The largest emitters include coal in China and large oil and gas companies, many state-owned by OPEC and Russia. Human-caused emissions have increased atmospheric carbon dioxide by about 50% over pre-industrial levels. The growing levels of emissions have varied, but it was consistent among all greenhouse gases (GHG). Emissions in the 2010s averaged 56 billion tons a year, higher than ever before. Electricity generation and transport are major emitters; the largest single source, according to the United States Environmental Protection Agency, is transportation, accounting for 27% of all USA greenhouse gas emissions. Deforestation and other changes in land use also emit carbon dioxide and methane. The largest source of anthropogenic methane emissions is agriculture, closely followed by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indonesia Just Energy Transition Partnership
The Indonesia Just Energy Transition Partnership is a 20 billion dollar agreement to decarbonise Indonesia's coal-powered economy, launched on 15 November 2022 at the G20 summit. This Just Energy Transition Partnership comes after the first such agreement, the South Africa JET-IP was announced in 2021 as a partnership with Germany, France, the UK and US. The agreement with Indonesia involves all G7 countries as partners, including Canada, Italy and Japan. It also includes Denmark and Norway. The JETP aims to develop a comprehensive investment plan (the JETP Investment and Policy Plan) to achieve Indonesia's decarbonisation goals. Under the JETP, Indonesia aims to reach net-zero emissions of greenhouse gases from electricity production by 2050, bringing forward its target by a decade, and reach a peak in those emissions by 2030. According to two think tanks, the $20bn allocated under the programme are insufficient for these goals. On the sideline of the same conference, the Asian ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eskom
Eskom Hld SOC Ltd or Eskom is a South African electricity public utility. It was established in 1923 as the Electricity Supply Commission (ESCOM) and was also known by its Afrikaans name Elektrisiteitsvoorsieningskommissie (EVKOM). Eskom represents South Africa in the Southern African Power Pool. The utility is the largest producer of electricity in Africa, and was among the top utilities in the world in terms of generation capacity and sales, but due to the ANC and incompetence has since slipped in both categories. It is the largest of South Africa's state owned enterprises. Eskom operates a number of notable power stations, including Matimba Power Station and Medupi Power Station in Lephalale, Kusile Power Station in Witbank, Kendal Power Station, and Koeberg Nuclear Power Station in the Western Cape Province, the only nuclear power plant in Africa. The company is divided into Generation, Transmission and Distribution divisions, and together Eskom generates approximately ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Komati Power Station
Komati Power Station, is a coal-fired power plant operated by Eskom. Its 300 metre tall chimney was built in 1979, and is one of the tallest structures in the country. Komati is one of power stations with a common steam range, meaning that its nine boilers jointly feed the nine generators. Other stations are Tutuka Power Station and Matimba Power Station. History The first unit was commissioned in 1961 and the last in 1966. In 1988, three units at Komati were mothballed, one was kept in reserve and the other five were only operated during peak hours. In 1990, the complete station was mothballed until 2008 when the unit 9 was the first to be recommissioned under Eskom's return-to-service project. The full station was put online in 2011. It was finally decommissioned on 31 October 2022. Power generation The station consists of a total of 9 units having five 100MW units on the East (1-5) and four 125MW units on the West (6-9) with a total installed capacity of 1,000MW. Turbine Ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Bank
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In the 1970s, it focused on loans to developing world countries, shifting away from that mission in the 1980s. For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its loan strategy is influenced by the Sustainable Development Goals as well as environmental and social safeguards. , the World Bank is run by a president and 25 executive directors, as well as 29 various vice ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Finance Corporation
The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries. The IFC is a member of the World Bank Group and is headquartered in Washington, D.C. in the United States. It was established in 1956, as the private-sector arm of the World Bank Group, to advance economic development by investing in for-profit and commercial projects for poverty reduction and promoting development. The IFC's stated aim is to create opportunities for people to escape poverty and achieve better living standards by mobilizing financial resources for private enterprise, promoting accessible and competitive markets, supporting businesses and other private-sector entities, and creating jobs and delivering necessary services to those who are poverty stricken or otherwise vulnerable. Since 2009, the IFC has focused on a set of development goals that it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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