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South Africa has experienced severe load shedding (i.e. controlled/scheduled power cuts), almost daily, since September 2022. This recent spike and high frequency of load shedding can be largely attributed to a significant drop in Energy Availability Factor of the coal fleet that has not been optimally maintained due to several factors.
The concept of sustainability is considered differently for developing countries versus developed countries. Developed economies tend to look at sustainability with a significant focus towards environmental impact and preservation. In contrast, developing countries consider sustainability from a socio-economic perspective, which includes infrastructure-related challenges, for example.
The construction sector must not be overlooked in the drive towards achieving net zero. While sectors such as industrial manufacturing, mining and fossil fuel power generation tend to grab more headlines, the construction of buildings and infrastructure accounts for approximately 7 Gt CO2e, or 20% of global carbon emissions, where 4 Gt CO2e is associated with the materials used for construction.
The 28th Conference of the Parties (COP28) of the United Nations Framework Convention on Climate Change draws to a close this week. For Africa, discussions at this year’s conference placed the continent as a central player that is playing an active role in actioning efforts and initiatives for a better, more sustainable future.
The aviation sector has pledged, like most, to reach Net Zero by 2050. From the International Air Transport Association (IATA) commitment to ‘Fly Net Zero’ to the declaration from the International Aviation Climate Ambition Coalition at COP 26, the air transport industry is not short of promises to dramatically reduce its carbon footprint.
With oil and gas-producing countries facing tremendous pressure to transition to green energy sources and leave their petroleum assets in the ground, carbon capture, utilisation and storage (CCUS) can act as a lifeline for their energy industries.
Representing 75-80% of a portfolio, the core public equity and debt investments can drive the largest impact on positioning the whole portfolio on a path to meet whole portfolio climate objectives. Decarbonisation on a scale sufficient to reach global emissions-reduction targets will transform each sector of the global economy.
As we continue to strive for a cleaner planet, governments, industries, and organisations around the world are uniting to build a sustainable future. The time is ripe to explore innovations and technologies that can work to reduce carbon emissions and help to facilitate better resource efficiency.
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