News24 Business | SA to lose $1bn in loans as US quits climate pact – but UK says JETP won’t collapse
The US has informed SA that it is withdrawing from a climate pact with South Africa.
THURSDAY, 29 MAY 2025, 03:32
The US has informed SA that it is withdrawing from a climate pact with South Africa.
Air pollution in South Africa boosts the annual number of deaths by 6% in communities living near coal-fired power plants, a study by the South African Medical Research Council showed.
Following a year-long pilot project where the City of Cape Town allowed electricity from independent power producers to be wheeled or transferred across its grid to end-users, it is now ready to fully launch the programme.
The temporary exemptions were necessitated by the desperate energy crisis we witnessed in recent years. But it was always intended to be a short-term solution, writes Minister Dion George.
When it comes to energy policy, countries will protect and advance their sovereign interest. Leaders of African countries should do the same, says Electricity and Energy Minister Kgosientsho Ramokgopa.
The United Nations’ World Food Programme is closing its southern African bureau that’s been leading a response to the worst drought in the region in four decades as it expects funding from donors such as the US to slump by two-fifths.
Five years ago, the London-based fossil-fuel giant said it would cut its oil and gas output 40% by 2030 while scaling its renewables business. In 2023, BP watered down that transition strategy, and last week it was all but canned, says Nick Hedley.
The world’s strongest ocean current could slow as melting Antarctic ice sheets flood it with fresh water, according to research that warned of “severe” climate consequences.
Yet just last week, a train in the Brazilian state of Rio de Janeiro derailed after the tracks expanded and buckled after being heated to a sizzling 71 degrees Celsius (160 degrees Fahrenheit) by the sun.
The deal in Rome helps lay out the steps needed to implement the landmark Kunming-Montreal Global Biodiversity Framework deal, agreed in 2022, and which committed countries to a range of environmental targets.
The JV, Genesis Hexicon, wants to build an estimated R55 billion floating wind farm on 140 square kilometres of the Indian Ocean off the KwaZulu-Natal coast.
Hundreds of scientists and experts working for the National Oceanic and Atmospheric Administration, a leading US agency responsible for weather forecasting, have been fired.
Finance Minister Enoch Godongwana says that he is “not happy” a consensus could not be reached for the finance track of the G20 meetings.
A month after a cyberattack on its communications systems, the South African Weather Service this week finally restored a critical function to share its information with the public.
Cape Town is set to accelerate its switch to green energy and limit reliance on erratic supply from the state power utility after winning a €150 million (R2.9 billion) loan from Germany’s KFW Development Bank.
The EU unveiled a push to “simplify” its environmental rules to give businesses breathing room faced with competition from the United States and China.
There are only around 40 of the animals left in the world, conservationists say.
The rocket flew for about eight minutes before SpaceX lost contact and ended its live stream.
The stage invader says he “came here for a climate demonstration, not a political view”.
Visitors have been flocking to the Kealia Pond National Wildlife Refuge to see the spectacle.
The six sets of siblings were all treated at Great Ormond Street Hospital in London.