The Sky’s Limit Africa assesses fossil fuel industry plans to sink USD $230 billion into the development of new extraction projects in Africa in the next decade — and USD $1.4 trillion by 2050. It finds these projects are not compatible with a safe climate future and that they are at risk of becoming stranded assets that leave behind unfunded clean-up, shortfalls of government revenue, and overnight job losses.
New analysis details why a just energy transition in Africa requires an end to new oil, gas, and coal extraction projects
Despite the need to rapidly wind-down fossil fuels to avert the worst of the climate crisis, governments worldwide continue to prop up fossil fuel production with huge sums of public money. They may be breaking international law.
Poor transparency from DBSA, IDC, and ECIC means support for oil, gas, and coal likely higher than the ZAR 2.2 billion a year on record
Fracking may be causing protests from America to Europe, but in South Africa, the latest country to lift a ban on the activity, many of the locals don’t even know what the practice entails. Earlier this month, South Africa lifted a 2011 ban on shale gas exploration and fracking in its semi-arid ecologically-sensitive Karoo region, … Read More