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DATE: Wednesday 23 February 2022
TIME: Johannesburg: 10h00 (GMT+2); Lagos: 09h00; Paris: 09h00; New York: 03h00
DURATION: 1.5 hours
PLATFORM: Zoom Webinar
COST: Free-of-charge
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Synopsis
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Post the Paris Agreement, every country has embarked on an energy transition journey to reconfigure its energy supply system and demand to reduce its environmental and climate impact, whilst ensuring energy security and access, affordable energy prices, and workable tax burdens for citizens.
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That transition journey is unique for each country. In its own energy transition journey, South Africa, as an important BRICS country with a large economy in Africa, is:
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- Relying on unreliable coal-fired power
- Extracting and beneficiating minerals; struggling with load shedding
- Utilising fuel-from-coal technology at Sasol
- Importing oil; running down its petroleum refineries
- Not preparing for rapid electrification of road transport
- Expanding independently produced solar & wind power, and liberalising self-generation
- Extending the life of Koeberg, and, controversially, considering more nuclear
- Procrastinating development of on- and offshore gas finds
- Importing gas and power from Mozambique; considering controversial but needed LNG-to-power
- Trading limited power in the Southern African Power Pool
- Straining pumped storage in order to keep the lights on, without any significant battery storage (like all other countries)
- Seeing declining coal exports from Richards Bay
- Planning hydrogen production; competing for markets with Australia, Namibia, Chile and Morocco
- Contributing more than 500 mtpa of CO2 emissions, and targeting Net Zero Emissions by 2050, but with plans deemed “insufficient” to achieve climate targets by climate analysts
In the face of this, Andy Calitz, CEO of FutureEnergy, presents five key opportunities in dealing with the Energy Transition in South Africa.
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The presenter - Andy Calitz
