US investors head to SA to talk renewables

[The_Right_Honourable_Brit]

US investors with more than $1 trillion (nearly R17 trillion) of assets under management are in South Africa to look for investment opportunities.

The visit being facilitated by USAID and Prosper Africa, the US government’s initiative to increase trade and investment between African nations and America, started on Tuesday and will coincide with US Secretary of State Antony Blinken’s trip. Blinken arrives in the country on Sunday — his second official trip to Africa. He will also visit the Democratic Republic of Congo and Rwanda.

South Africa, the world’s 13th-biggest source of greenhouse gases, will need to spend $250 billion over the next three decades to fund the closing down of coal-fired plants and development of replacement green energy such as wind and solar, according to a report released in May. The world’s richest nations at COP26 in Glasgow in November pledged just $8.5 billion in climate grants and concession

US investors head to SA to talk renewables | Business

US investors with more than $1 trillion of assets under management are in South Africa to look for investment opportunities.

www.news24.com

 

[Moto Guzzi]

Is the world running out of oil at a 7 Billion scale, oh boy, now the renewable panic is understood, maybe 1st world counries want the rest on renewables & batteries to not consume so much oil. Lets face it if the oil dries up tomorrow, the world as we know it is gone quickly, difficult to imagine seeing we never had such an experience.

-The sun is overcooking making the earth atmosphere swell and even crash some low flying satalites with no propellants, but nobody talks about this going on.

My dilemma with all this power play, is oil developed over time as populations grew from under 2 Billion to now 7 billion, a freedom of travelling we will never see agin. Now renewables and battery vehicles is dumped on us UNPROVEN at a scale of 7 billion plus and unproven at that scale too.

I think its a dangerous game being played by world leaders last 30 years, if it fails the recovery is not going to be easy or quick.
-Thats when reality on your feet will sink in, only then.