Cop26 is taking place in Glasgow
Cop26 leaders back South Africa’s energy transition
An international partnership will support the country’s decarbonisation plans, world leaders announced at the Cop26 conference on Tuesday
The US, the UK, France, Germany and the EU announced a “ground-breaking partnership” at Cop26 to support South Africa, “the world’s most carbon-intensive electricity producer”. The support package combines “private sector finance and public sector expertise” and will make $8.5bn available for South Africa over the next 3-5 years to achieve its decarbonisaton targets. The announcement comes soon after it emerged that state-owned utility Eskom was seeking international investors to further Pretoria’s transition agenda, including investing in new renewable and gas-fired capacity, as well as grid infrastructure. South Africa is heavily dependent on ageing and carbon-intensive coal-fired power pl
Also in this section
5 February 2025
Growing appetite for LNG reinvigorates discussions between China and Myanmar, but civil war may prevent talk becoming action
5 February 2025
With new capacity, buyers must navigate sanctioned Russian crude, a return to traditional OPEC barrels and diversity of supply
4 February 2025
This premier event is poised to address the evolving technology and investment demands of North America’s thriving chemical and pharmaceutical sectors
4 February 2025
The threat of Trump tariffs and the departure of Trudeau have sharpened the domestic political focus on boosting the oil and gas industry
