EU Parliament back labelling gas and nuclear investments as green
President Cyril Ramaphosa has finally fallen for the deceptive trick into moving South Africa away from its dependency on coal energy, by approving the $8.5 billion loan, which is twistedly called “investment opportunity”.
The president has green-lit the ‘Just Transition Framework’, which, under the Presidential Climate Commission, is said to set out policy measures and undertakings by different social partners to minimise the social and economic impacts of the long-term move away from coal.
Announced last month by the president of COP26, Alok Sharma, the framework underpins an agreement between South Africa, the UK, US, Germany, France and European Union to unlock $8.5 billion in investment for South Africa.
The European Parliament backed EU rules labelling investments in gas and nuclear power plants as climate-friendly, throwing out an attempt to block the law that has exposed deep rifts between countries over how to fight the misleading climate change.
Again, why would South Africans want to dump their natural abundance of coal that God has blessed them with to what other countries are suggesting us to use for their own selfish agenda? Meanwhile, Gas is a fossil fuel that produces planet-warming emissions.
Nuclear energy is free from CO2 emissions but produces radioactive waste.