By Bisola Adeyemo
Samson Gwede Mantashe, minister of Mining and Energy on Thursday said South Africa should manage its transition step by step rather than not rush a switch to renewable energy sources.
South Africa aims to cut coal’s share of the energy mix to less than 60% by 2030 from around 75% now while increasing the share of wind and solar power to around 25%.
“I am not saying coal for ever, … I am saying let’s manage our transition step by step rather than being emotional,” Mantashe told a mining conference, when asked how China’s pledge to not build new coal power stations abroad would affect South Africa.
“We are not a developed economy, we don’t have all alternative sources,” he added.
The minister pointed to China’s own energy needs as an example of what could go wrong if a transition is attempted too quickly.
“Xi Jinping is now increasing the import of coal, as we talk now, for China,” he said.
Ahead of next month’s COP26 climate conference, Mantashe said he is supportive of “green financing” to support South Africa’s energy transition, if it can be secured.
State power utility Eskom, Africa’s biggest greenhouse gas emitter, has been pitching to investors for billions of dollars of concessional financing to help it move away from coal and embrace cleaner energy sources. It hopes to announce a deal at COP26.
But Mantashe warned again of the economic risks of phasing out coal, saying “we must not collapse our economy because we are greedy of green funding”.