OPINION | Fuel's paradise: Ukraine invasion could deal a body blow to climate change goals

accreditation
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
loading...
Loading, please wait...
0:00
play article
Subscribers can listen to this article
Richard du Toit/Gallo Images

If the Russian invasion of and war in Ukraine lasts a lot longer than predicted and the stalemate between Russia and the West continues, it can be expected that the climate change agenda will be forced to give way to political expediency, write Solly Moeng and Paul McIntosh.

As the leaders of the G7 countries began talks in Bavaria in the shadow of the ongoing war in Ukraine, calls have gone out for them to honour previous commitments on the winding down of the fossil fuel energy economy and the transition to renewables. However, with no end in sight to the conflict and to the embargoes on Russian petrochemical exports, how realistic are those pleas? And how critical is the situation?

G7 climate ministers already reached an agreement in principle, back in May, to end all public investment in fossil fuel projects beyond their borders by the end of 2022, and to achieve predominantly carbon free electricity production by 2035. Yet Italy and Germany, now recently joined by France, are already talking of reviving old domestic coal plants to offset the risk of rationing natural gas previously imported from Russia. Germany is also, reportedly, looking to places as far away as Senegal, in Africa, and other alternative sources, to secure its energy supply sources. In fact, anecdotal reports in the southern African coal mining sector are replete with stories of agents all over the place, looking for coal supplies for clients in Western Europe.

Read this for free
Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
Subscribe
Already a subscriber? Sign in
Rand - Dollar
16.46
-1.6%
Rand - Pound
19.84
-1.0%
Rand - Euro
16.72
-0.6%
Rand - Aus dollar
11.56
-0.3%
Rand - Yen
0.12
-1.7%
Gold
1,779.22
-1.3%
Silver
20.26
-2.7%
Palladium
2,152.00
-3.4%
Platinum
935.51
-3.2%
Brent Crude
98.15
-1.5%
Top 40
64,022
+0.0%
All Share
70,741
+0.0%
Resource 10
63,315
-1.2%
Industrial 25
86,967
+0.5%
Financial 15
16,154
+0.6%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders