Newsletters Thursday...
Philip Costa
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Wednesday was supposed to be the big unveiling of the plan to get the world's fourth most populous country off coal and on to clean energy.
But disagreements between Indonesia and the wealthy countries backing it meant that the launch was delayed.
What were they arguing over? You guessed it - money. Specifically, how much of the $20 billion promised should be grants versus loans?
The wealthy countries represented by the US and Japan say 0.8%, while Indonesia says 'a lot more than that please!'
While negotiations continue, the Indonesian government official in charge told Climate Home News they need to see how much is being put on the plate before committing to specific targets.
The pioneer of energy transition partnerships, South Africa, got 3%, which now looks positively generous in comparison. Is it any wonder India hasn't followed through on talk about a similar deal?
This week's news
- Devastating Beijing floods test China’s ‘sponge cities’
- China plans to recycle solar panels and wind turbines
- Indonesia delays $20bn green plan, after split with rich nations on grants and new coal plants
- US sparks controversy by backing oil company’s carbon-sucking plans
- One of 2023’s most extreme heatwaves is happening in the middle of winter
Climate-unfriendly economics
While the US plays Scrooge in Jakarta, back in Washington it's 'hey big spender'!
The government is giving out up to $1.2 billion for companies to invest in machines that are meant to suck carbon out of the atmosphere.
That's all good in principle - the clever folks at the IPCC say we're going to need this technology to compensate for the hardest-to-clean-up sectors.
But a big chunk will go to Occidental, whose CEO admits she sees these machines as a way to prolong their oil pumping business. Notably, this is not one of the hardest to clean up sectors.
With the Saudis lobbying the IPCC to emphasise carbon removal and Japanese coal plant owner Mitsubishi investing in it, is the fossil fuel industry hijacking the concept for its own ends?
Lack of accessible support, tools, and guidance are often cited as major barriers preventing SMEs from beginning their journey to net zero. This week, the SME Climate Hub, in partnership with the UK Government’s Net Zero Council and the Broadway Initiative, announced the creation of a single platform for net zero advice for UK SMEs. Find out more about the new one-stop-shop for UK small business climate action advice.
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- SME Climate Hub drives accountability with new reporting tool - We Mean Business Coalition
- Sustainable fishing offers lifeline to communities hit by climate crisis - Adaptation Fund
- Australia can leverage efficiency and electrification to power a net-zero future - Signifty
- Disaster risk reduction needs to sit at the heart of climate adaptation - Adaptation Fund
- Scaling up clean energy — the greatest growth proposition of the 21st century - We Mean Business Coalition
- EU’s new energy efficiency rules could be gamechanger for education - Signify
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Click on the image to read this article. This solar hub in eKhenana, South Africa has a library, fridge and television. Image credit: Nombulelo Damba-Hendrik for GroundUp.
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VUKA Group, Ground Floor, Ebden House, Belmont Park, Rondebosch, Western Cape 7700, South Africa
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Ed’s note: Cleaner transportation connecting to your grid capacity
If the world switched to cleaner modes of transportation, we could do away with internal combustion engine (ICE) vehicles. Roads would be quieter, and the air in high-transport zones would be much cleaner.
We know this from experience during the COVID-19 lockdowns, which reduced traffic-related air pollution to minimal impact. But the question is whether there is enough power to charge an all-electric mobility world.
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Attend this regional biennial discussion forum and exhibition.
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Register to attend a summit that promotes the adoption of circular economy practices within Africa’s business landscape.
Do you know of a friend or colleague that will enjoy this content?
VUKA Group, Ground Floor, Ebden House, Belmont Park, Rondebosch, Western Cape 7700, South Africa
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Join Gaylor Montmasson-Clair as he unpacks the vision, key objectives and pillars of the South African Renewable Energy Masterplan.
20-21 September 2023 | Southern African Energy Efficiency Confederation (SAEEC) | Johannesburg, Gauteng
Come and explore energy efficiency in sustainability and development goals.
1-3 October 2023 | Smarter Mobility Africa Summit | CSIR, Tshwane, South Africa
Join us as Smarter Mobility Africa summit returns to a full-scale physical event during African Mobility Month and October Transport Month.
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Register to attend Africa's premier wind energy conference and exhibition.
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Secure your seat at this 2023 ESG conference under the theme, ‘Sustainable Future Through Leadership’.
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Attend the longest-running infra-investment strategic summit.
24-27 October 2023 | CIGRE Southern Africa | CSIR, Pretoria
Attend this regional biennial discussion forum and exhibition.
14-15 November 2023 | Conscious Brands & Circular Economy Summit | CSIR, Tshwane, South Africa
Register to attend a summit that promotes the adoption of circular economy practices within Africa’s business landscape.
Do you know of a friend or colleague that will enjoy this content?
VUKA Group, Ground Floor, Ebden House, Belmont Park, Rondebosch, Western Cape 7700, South Africa