{"id":77442,"date":"2023-05-16T00:35:32","date_gmt":"2023-05-16T00:35:32","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/05\/16\/south-africas-continued-reliance-on-coal-could-scare-investors-away\/"},"modified":"2023-05-16T00:35:32","modified_gmt":"2023-05-16T00:35:32","slug":"south-africas-continued-reliance-on-coal-could-scare-investors-away","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/05\/16\/south-africas-continued-reliance-on-coal-could-scare-investors-away\/","title":{"rendered":"South Africa\u2019s continued reliance on coal could scare investors away"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Standard Chartered is warning South Africa that extending the use of <\/strong><strong>coal-powered plants may drive investors away<\/strong>, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-05-15\/standard-chartered-cautions-south-africa-on-extended-use-of-coal-plants-bd-says?srnd=premium-middle-east\">Bloomberg<\/a> reports, citing comments by Standard Chartered CEO for South Africa Kweku Bedu-Addo to <a href=\"https:\/\/www.businesslive.co.za\/bd\/national\/2023-05-15-standard-chartered-pours-cold-water-on-eskoms-privatisation-prospects\/\">Business Day<\/a>. The bank warned the South African government that investors will not want to be stuck with \u201cstranded assets\u201d as the world transitions to renewables, and sticking to coal will also make it difficult to use sovereign bond sales to fund investments in state power utility company Eskom. The bank has criticized the country\u2019s plans to extend the operational life-cycle of coal plants in a bid to resolve the ongoing energy crisis. South Africa had set out a carbon neutrality target for 2050, but Electricity Minister Kgosientsho Ramokgopa says the country now has to make a choice on whether to prioritize \u201cenvironmental needs\u201d or the collapse of its economy due to the considerable increase in the rationing of power.<\/p>\n<p><strong>REFRESHER- South Africa has been suffering a <\/strong><strong><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/5f95392f-a690-4c29-98d9-2afa2d3424ef\">power crisis<\/a><\/strong> <strong>for years<\/strong>, and outages are expected to continue in the country through to 2025, former CEO of state power company Eskom Andre De Ruyter said in January. The power crisis saw households go without electricity for up to 10 hours a day earlier this year. Regulatory constraints impeding private sector renewable energy provision are among the key reasons for the country\u2019s power deficit, along with aging coal-based infrastructure, corruption, and criminal activity. Eskom consumes some 90 metric tons of coal yearly to generate electricity, according to <a href=\"https:\/\/www.energy.gov.za\/files\/media\/explained\/South-African-Coal-Sector-Report.pdf\">South Africa\u2019s Energy Ministry<\/a>.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Climate change <\/strong>deniers are increasingly hurling \u201cabuse\u201d at scientists on <strong>Twitter<\/strong> since <strong>Elon Musk<\/strong>\u2019s takeover of the popular social media platform last year. (<a href=\"https:\/\/www.theguardian.com\/environment\/2023\/may\/14\/climate-crisis-deniers-target-scientists-abuse-musk-twitter\">The Guardian<\/a>)<\/li>\n<li><strong>Listed firms worldwide<\/strong> will exceed their <strong>carbon budget <\/strong>two months sooner than an earlier estimate of <strong>December 2026<\/strong>, even though the number of global companies with set <strong>climate targets<\/strong> has <strong>risen by 8%<\/strong>. (<a href=\"https:\/\/www.reuters.com\/article\/climate-change-companies-idAFL1N37C0FH\">Reuters<\/a>)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Standard Chartered is warning South Africa that extending the use of coal-powered plants may drive investors away, Bloomberg reports, citing comments by Standard Chartered CEO for South Africa Kweku Bedu-Addo to Business Day. The bank warned the South African government that investors will not want to be stuck with \u201cstranded assets\u201d as the world transitions [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":77443,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[157],"tags":[156,1658,11,622],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-77442","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-climate-in-the-news","tag-climate-in-the-news","tag-coal-power","tag-enterpriseclimate","tag-south-africa","wpautop","entry"],"acf":{"mongo_id":"a79ce5a3-54bc-4dc5-85ad-10ad0c0881ff","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/5\/1871.jpg","photo_position":"above","related_issue":[77428],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>South Africa\u2019s continued reliance on coal could scare investors away - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/16\/south-africas-continued-reliance-on-coal-could-scare-investors-away\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Africa\u2019s continued reliance on coal could scare investors away\" \/>\n<meta property=\"og:description\" content=\"Standard Chartered is warning South Africa that extending the use of coal-powered plants may drive investors away, Bloomberg reports, citing comments by Standard Chartered CEO for South Africa Kweku Bedu-Addo to Business Day. The bank warned the South African government that investors will not want to be stuck with \u201cstranded assets\u201d as the world transitions [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/16\/south-africas-continued-reliance-on-coal-could-scare-investors-away\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-16T00:35:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1871.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/05\/16\/south-africas-continued-reliance-on-coal-could-scare-investors-away\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/05\/16\/south-africas-continued-reliance-on-coal-could-scare-investors-away\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"South Africa\u2019s continued reliance on coal could scare investors away\",\"datePublished\":\"2023-05-16T00:35:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/05\/16\/south-africas-continued-reliance-on-coal-could-scare-investors-away\/\"},\"wordCount\":325,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/05\/16\/south-africas-continued-reliance-on-coal-could-scare-investors-away\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1871.jpg?fit=%2C&ssl=1\",\"keywords\":[\"CLIMATE IN THE NEWS\",\"coal power\",\"EnterpriseClimate\",\"South Africa\"],\"articleSection\":[\"CLIMATE IN THE NEWS\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/05\/16\/south-africas-continued-reliance-on-coal-could-scare-investors-away\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2023\/05\/16\/south-africas-continued-reliance-on-coal-could-scare-investors-away\/\",\"name\":\"South Africa\u2019s continued reliance on coal could scare investors away - Climate\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/05\/16\/south-africas-continued-reliance-on-coal-could-scare-investors-away\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/05\/16\/south-africas-continued-reliance-on-coal-could-scare-investors-away\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1871.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-05-16T00:35:32+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/05\/16\/south-africas-continued-reliance-on-coal-could-scare-investors-away\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/climate\/2023\/05\/16\/south-africas-continued-reliance-on-coal-could-scare-investors-away\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/05\/16\/south-africas-continued-reliance-on-coal-could-scare-investors-away\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1871.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1871.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/05\/16\/south-africas-continued-reliance-on-coal-could-scare-investors-away\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/climate\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"South Africa\u2019s continued reliance on coal could scare investors away\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"name\":\"Climate\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\",\"name\":\"Climate\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/25470.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/25470.svg\",\"caption\":\"Climate\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"South Africa\u2019s continued reliance on coal could scare investors away - Climate","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/climate\/2023\/05\/16\/south-africas-continued-reliance-on-coal-could-scare-investors-away\/","og_locale":"en_US","og_type":"article","og_title":"South Africa\u2019s continued reliance on coal could scare investors away","og_description":"Standard Chartered is warning South Africa that extending the use of coal-powered plants may drive investors away, Bloomberg reports, citing comments by Standard Chartered CEO for South Africa Kweku Bedu-Addo to Business Day. The bank warned the South African government that investors will not want to be stuck with \u201cstranded assets\u201d as the world transitions [&hellip;]","og_url":"https:\/\/enterpriseam.com\/climate\/2023\/05\/16\/south-africas-continued-reliance-on-coal-could-scare-investors-away\/","og_site_name":"Climate","article_published_time":"2023-05-16T00:35:32+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1871.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/climate\/2023\/05\/16\/south-africas-continued-reliance-on-coal-could-scare-investors-away\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/05\/16\/south-africas-continued-reliance-on-coal-could-scare-investors-away\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"South Africa\u2019s continued reliance on coal could scare investors away","datePublished":"2023-05-16T00:35:32+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/05\/16\/south-africas-continued-reliance-on-coal-could-scare-investors-away\/"},"wordCount":325,"publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/05\/16\/south-africas-continued-reliance-on-coal-could-scare-investors-away\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1871.jpg?fit=%2C&ssl=1","keywords":["CLIMATE IN THE NEWS","coal power","EnterpriseClimate","South Africa"],"articleSection":["CLIMATE IN THE NEWS"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/climate\/2023\/05\/16\/south-africas-continued-reliance-on-coal-could-scare-investors-away\/","url":"https:\/\/enterpriseam.com\/climate\/2023\/05\/16\/south-africas-continued-reliance-on-coal-could-scare-investors-away\/","name":"South Africa\u2019s continued reliance on coal could scare investors away - Climate","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/05\/16\/south-africas-continued-reliance-on-coal-could-scare-investors-away\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/05\/16\/south-africas-continued-reliance-on-coal-could-scare-investors-away\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1871.jpg?fit=%2C&ssl=1","datePublished":"2023-05-16T00:35:32+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/05\/16\/south-africas-continued-reliance-on-coal-could-scare-investors-away\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/climate\/2023\/05\/16\/south-africas-continued-reliance-on-coal-could-scare-investors-away\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/2023\/05\/16\/south-africas-continued-reliance-on-coal-could-scare-investors-away\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1871.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1871.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/climate\/2023\/05\/16\/south-africas-continued-reliance-on-coal-could-scare-investors-away\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/climate\/"},{"@type":"ListItem","position":2,"name":"South Africa\u2019s continued reliance on coal could scare investors away"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/climate\/#website","url":"https:\/\/enterpriseam.com\/climate\/","name":"Climate","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/climate\/#organization","name":"Climate","url":"https:\/\/enterpriseam.com\/climate\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/25470.svg","contentUrl":"https:\/\/ent.news\/internal\/25470.svg","caption":"Climate"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1871.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1871.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1871.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"jetpack_shortlink":"https:\/\/wp.me\/pgVl2y-k94","_links":{"self":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/77442","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/comments?post=77442"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/77442\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue\/77428"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media\/77443"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media?parent=77442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/categories?post=77442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/tags?post=77442"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/brand?post=77442"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=77442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}