Coal

Climate change makes life harder: in South Africa it’s likely to bring heatwaves, water stress and gender-based violence

Retrieved on: 
Thursday, April 18, 2024

Human-induced climate change made the severe 2015–2017 drought three to six times more likely.

Key Points: 
  • Human-induced climate change made the severe 2015–2017 drought three to six times more likely.
  • Our new report on Climate Change Impacts in South Africa has found that as Earth warms, people living in South Africa will face reduced incomes, less food and water security and a higher cost of living.
  • Our findings, based on a synthesis and review of existing research on climate change, are that climate change and socioeconomic risks threaten to bring about a huge change to this status.
  • Combating the impacts of climate change in South Africa requires adaptive measures, such as changing the way we farm, coordination by the government and international commitment to reduce emissions.

Heatwaves

  • Farm workers will be exposed to more extreme temperatures working outside and others will suffer from heat stress in their living and working environment.
  • Here's how

    Extreme weather threatens the plants and animals that attract tourism, and directly damages infrastructure at nature reserves, adventure destinations and parks.

  • Rising temperatures are projected to reduce visitor numbers to South Africa’s national parks by 4% by 2050, affecting the Kruger National Park most.

An agricultural crisis

  • Smallholder farms are often located in areas with less fertile soils or limited infrastructure, leaving these farmers more vulnerable to climate change.
  • Arable land suitable for growing crops is concentrated in just 12% of South Africa’s land area.
  • Therefore, any extreme event that reduces production – such as drought – can be expected to reduce job security and income for farming households and agricultural workers.

Water

  • Drought and floods damage transport links, public buildings, and water and energy infrastructure, and challenge the provision of basic services.
  • During the water crisis that followed the 2015–2017 drought, for example, reservoirs serving 3.7 million people around Cape Town dropped to 20% of capacity, leading the government to impose water restrictions.

An increase in gender-based violence

  • These gender inequalities include a high incidence of gender-based violence and a higher likelihood of poverty among women.
  • Research in other parts of the world has also linked rising temperatures with an increase in gender-based violence.

Solutions


Much of the country’s economic future hinges on the speed with which investments in renewable energy can replace coal and provide affordable and reliable electricity. Slowing down climate change will take a huge global effort and progress has been limited. The only alternative is to be prepared and adapt to the projected changes.
Peter Johnston receives funding from United Nations, NORCE, NRF

South Africa’s electricity crisis: a series of failures over 30 years have left a dim legacy

Retrieved on: 
Thursday, April 18, 2024

Back then only 36% of all South Africans had electricity in their homes.

Key Points: 
  • Back then only 36% of all South Africans had electricity in their homes.
  • The development programme promised to double that number by electrifying an additional 2.5 million homes by 2000.
  • This seemed achievable – during the 1980s, the state-owned power utility Eskom’s build programme was so aggressive it had surplus electricity.
  • By 1994, South Africa’s coal industry was generating high quality coal which was exported mainly to Europe.

What went wrong

  • Eskom tried to convince the government to allow it to build more power stations.
  • But under the macroeconomic policy, the government decided that new power stations must be built by Black empowered businesses.
  • For that to work, the prices of electricity needed to increase to make it financially viable for the businesses.
  • The White Paper was accurate in predicting when the country would run out of power.
  • If the Eskom CEOs had signed the power purchase agreements, it would have brought online 5GW of renewables.

The current dilemma

  • This provided for a very large increase in the number of renewables and the closure of several coal-fired power stations.
  • But Mantashe later delayed the procurement of renewables, deepening the crisis at Eskom.
  • Dividing the utility up was approved in 2019 but the National Transmission Company was only set up in 2024.
  • Ramaphosa appointed an electricity minister, Kgosientsho Ramokgopa, and released the Energy Action Plan to end power cuts.

Solutions

  • It dramatically increases the emphasis on gas – it is a gas infrastructure plan and South Africa doesn’t have much gas.
  • The country will have to import gas and pay in US dollars, thus increasing its dependence on the dollar.
  • Instead, South Africa needs to transition to renewable energy plus backup, which is batteries and a substantial gas reserve.


Mark Swilling is a Non-Executive Director of the Eskom National Transmission Company of South Africa. He writes in his academic capacity. He has received funding for his research from National Research Foundation, VW Foundation, Open Society Foundation and European Climate Fund.

【Press Release】PetroChina Achieved Another Record Annual Results

Retrieved on: 
Wednesday, April 10, 2024

Despite the realized oil price dropped by 16.8% year-on-year, the Company’s operating results continued to grow, and achieved record annual results for two consecutive years, underpinned by strengthened resilience of its industrial chain against the changes of macro-factors such as the oil price.

Key Points: 
  • Despite the realized oil price dropped by 16.8% year-on-year, the Company’s operating results continued to grow, and achieved record annual results for two consecutive years, underpinned by strengthened resilience of its industrial chain against the changes of macro-factors such as the oil price.
  • The debt-to-asset ratio was 40.8%, dropped by 1.7 percentage points from the end of last year, the lowest level in 13 years.
  • The annual dividend for the year was RMB 0.44 per share (tax inclusive), representing a dividend payout ratio of 50% with annual dividend payment of approximately RMB 80.53 billion.
  • Achieving another record oil and natural gas equivalent output with more solid foundation for future development.

EQS-News: SMT Scharf AG releases final figures for the 2023 financial year 

Retrieved on: 
Wednesday, April 10, 2024

Besides continuing our sales activities in our important core markets around the world, we concentrated on further optimising our processes within the SMT Scharf Group.

Key Points: 
  • Besides continuing our sales activities in our important core markets around the world, we concentrated on further optimising our processes within the SMT Scharf Group.
  • With respect to the distribution of revenues by region, China remained the most important sales market for SMT Scharf.
  • As of the reporting date of 31 December 2023, the SMT Scharf Group’s order book stood at EUR 22.6 million (31 December 2022: EUR 22.9 million).
  • Overall, the SMT Scharf Group is active with subsidiaries in seven countries, as well as commercial agencies worldwide.

EQS-News: Nordex Group receives orders for 295 MW from EDF Renewables in South Africa

Retrieved on: 
Wednesday, April 10, 2024

End of March, EDF Renewables (South Africa) a subsidiary of EDF Renouveables and Electricité de France (EDF), placed orders with the Nordex Group for two wind energy projects in South Africa.

Key Points: 
  • End of March, EDF Renewables (South Africa) a subsidiary of EDF Renouveables and Electricité de France (EDF), placed orders with the Nordex Group for two wind energy projects in South Africa.
  • The Korosun 2 cluster, consisting of the Umsobomvu  and Hartebeesthoek projects, will comprise 50 N163/5.X turbines with a total capacity of 295 MW.
  • The Nordex Group will also be responsible for the maintenance and servicing of the turbines for a period of 20 years.
  • The Nordex Group is installing the N163/5.X turbines on tubular steel towers with a hub height of 118 metres.

Nuclear Fuel from Nuclear Waste: Formation of NewMOX SAS, France

Retrieved on: 
Thursday, April 4, 2024

Amsterdam, 4 April 2024 --- AMG Critical Materials N.V. ("AMG", EURONEXT AMSTERDAM: "AMG") is pleased to announce the formation of NewMOX SAS, Grenoble, France, to service the nuclear fuel market.

Key Points: 
  • Amsterdam, 4 April 2024 --- AMG Critical Materials N.V. ("AMG", EURONEXT AMSTERDAM: "AMG") is pleased to announce the formation of NewMOX SAS, Grenoble, France, to service the nuclear fuel market.
  • Presently, the total global storage of civil-use plutonium resulting from the reprocessing of used fuel from commercial nuclear power operations stands at 380 tons, and this figure continues to grow with ongoing nuclear power generation.
  • “We are excited that our furnace technology engineering excellence has created a new project which resulted in the formation of NewMOX SAS.
  • We have appointed Serge Bertrand, head of ALD France, Grenoble, where ALD has centered its nuclear technology activities, to be CEO of NewMOX.

EBRD and Erste Approve Financing for the Pupin Windfarm in Serbia

Retrieved on: 
Wednesday, March 27, 2024

TEL AVIV, Israel, March 27, 2024 (GLOBE NEWSWIRE) -- Enlight Renewable Energy (“Enlight”) (NASDAQ: ENLT, TASE: ENLT), a leading global renewable energy platform, today announced The European Bank for Reconstruction and Development (EBRD), together with Erste Group Bank AG and its local bank Erste Bank a.d. Novi Sad (Erste), have approved a financing package worth $101 million for the construction of a new windfarm in Serbia, which will be built by Enlight. The financing package will provide a major boost to the country’s goal of diversifying its energy mix.

Key Points: 
  • The financing package will provide a major boost to the country’s goal of diversifying its energy mix.
  • The EBRD and Erste will provide parallel loans, worth $50.5 million each, including the associated debt service reserve facilities.
  • The Pupin project is expected to begin operating commercially in the second half of 2025.
  • The windfarm will also help to reduce the carbon intensity of Serbia’s power sector and advance its green economy transition.

Warrior Met Coal Sets Date for First Quarter 2024 Earnings Announcement and Investor Conference Call

Retrieved on: 
Monday, April 8, 2024

Warrior Met Coal, Inc. (“Warrior” or NYSE: HCC) today announced that it will hold its first quarter 2024 investor conference call at 4:30 p.m.

Key Points: 
  • Warrior Met Coal, Inc. (“Warrior” or NYSE: HCC) today announced that it will hold its first quarter 2024 investor conference call at 4:30 p.m.
  • Warrior Met Coal will release its results following the close of market trading that afternoon.
  • To participate in the conference call, please call 1-844-340-9047 (domestic) or 1-412-858-5206 (international) 10 minutes prior to the start time and reference the Warrior Met Coal conference call.
  • A webcast of the conference call will be available through the Investor section of the Company’s website, http://investors.warriormetcoal.com , where an archived replay will also be available.

Trenwa Partners with OPW to launch New Fibrelite Trench System

Retrieved on: 
Tuesday, April 9, 2024

Trenwa, the leading producer of precast concrete trench systems, and OPW, the global leader in composite technology, are excited to introduce the new Fibrelite Trench System.

Key Points: 
  • Trenwa, the leading producer of precast concrete trench systems, and OPW, the global leader in composite technology, are excited to introduce the new Fibrelite Trench System.
  • View the full release here: https://www.businesswire.com/news/home/20240405873697/en/
    The Fibrelite Trench System features a proprietary beam design that makes it incredibly light but also able to support HS20 road crossing traffic.
  • "Our Fibrelite Trench system represents a quantum leap in trench system technology," said George Schurr, CEO at Trenwa.
  • For more information about the Trenwa Fibrelite Trench system, please visit www.trenwa.com or contact Trenwa at [email protected] .

Announcing the 2024 Sun Valley Forum: Restoring Harmony With Nature

Retrieved on: 
Tuesday, April 9, 2024

KETCHUM, Idaho, April 9, 2024 /PRNewswire/ -- The ninth annual Sun Valley Forum, "Restoring Harmony With Nature," will be held from July 15 to July 18, 2024, at the Argyros Performing Arts Center in Ketchum, Idaho. The Forum is hosted by Christensen Global, a Ketchum-based sustainability advisory firm and the Sun Valley Institute for Resilience. 

Key Points: 
  • Leaders and Innovators to Gather for the Sun Valley Forum July 15-18, 2024
    KETCHUM, Idaho, April 9, 2024 /PRNewswire/ -- The ninth annual Sun Valley Forum , "Restoring Harmony With Nature," will be held from July 15 to July 18, 2024, at the Argyros Performing Arts Center in Ketchum, Idaho.
  • The Forum is hosted by Christensen Global, a Ketchum-based sustainability advisory firm and the Sun Valley Institute for Resilience .
  • The Sun Valley Forum advances to restore planetary health and resilience by convening global leaders and innovators from business, government, philanthropy, finance, Indigenous Peoples, and storytellers.
  • Our stewardship of nature is best informed by Indigenous Peoples who have stewarded nature for millennia," said Aimée Christensen, Sun Valley Forum curator.