ABB has launched the world’s fastest electric car charger, the Swiss engineering company said on Thursday.
Envoys from some of the world’s richest nations have met with South African cabinet ministers to discuss a climate deal that could see billions of dollars flowing in the country.
South Africa could save R100-billion by accelerating the closing of coal-fired power plants in return for cheap loans to fund a transition to cleaner forms of electricity.
Africa’s lack of industrial development puts it in a strong position to develop low-carbon manufacturing, McKinsey & Co said.
South Africa’s mining industry has given its backing to moving the economy away from coal but said it must be done gradually and responsibly.
Mining companies in South Africa are considering spending as much as R40-billion to construct 2GW of power generation capacity.
Cabinet has adopted a more ambitious emissions reduction target ahead of a United Nations climate conference in November.
A court case filed by a losing bidder in South Africa’s emergency power programme threatens to delay the provision of the electricity by months.
South Africa is forging ahead with plans for a new, 2.5GW nuclear power plant in a bid to boost energy security and wants to end the procurement process by 2024.
Bill Gates raised more than $1-billion in corporate funding for Breakthrough Energy Catalyst, drawing on fellow billionaires to rally support for some of the world’s most demanding clean-energy projects.