ESCOM Archives - Jean-Jacques Cornish https://jjcornish.com/tag/escom/ The low down on African affairs Wed, 29 Sep 2021 13:07:15 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://i0.wp.com/jjcornish.com/wp-content/uploads/2020/05/cropped-Fountain_Pen_favicon-812.png?fit=32%2C32&ssl=1 ESCOM Archives - Jean-Jacques Cornish https://jjcornish.com/tag/escom/ 32 32 Climate envoys seek an agreement with South Africa that could be a COP 26 game changer in Glasgow https://jjcornish.com/2021/09/climate-envoys-seek-an-agreement-with-south-africa-that-could-be-a-cop-26-game-changer-in-glasgow/ Wed, 29 Sep 2021 13:07:12 +0000 https://jjcornish.com/?p=30986 A commitment by coal-addicted South Africa to transform to more sustainable energy generation will have a major impact on the Climate Summit starting in Glasgow at the end of next month. The ripple effect of the world’s 13th largest carbon emitter making such an undertaking will likely drive countries like Indonesia,India, Russia Brazil and Malaysia  […]

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A commitment by coal-addicted South Africa to transform to more sustainable energy generation will have a major impact on the Climate Summit starting in Glasgow at the end of next month.

The ripple effect of the world’s 13th largest carbon emitter making such an undertaking will likely drive countries like Indonesia,India, Russia Brazil and Malaysia  to make more substantive pledges at the 26th conference of the parties on climate change.

With this mind, the climate envoys of Britain, France, the United States, Germany and the European Union are currently in South Africa.

They are seeing government , trades union, financial bodies, non governmental organisations and the energy generator ESCOM pressing for such a commitment.

Realising that it entails a monumental cost in jobs and to the fiscus the envoys are offering financial assistance.

No less than 90% of electricity generated by ESCOM’s is coal fired.

South Africa’s dependence on carbon-generated power has not diminished since it hosted the 17th COP in Durban a decade ago.

Indeed new plants like Madupe will ensure South Africa’s reliance on coal for decades to come.

But as generating sustainable energy becomes cheaper, coal-fired power become more expensive and increasingly difficult to finance..

The language in mining and energy sectors grown increasingly pro-transformation.

This is reflected in South Africa in recent pronouncements by SASOL – the oil from coal giant – and Ashanti.

The European Union is demanding tariffs that punish coal use.

The climate envoys are concentrating more on carrot than stick in their talks to a fellow G20 member committed to transformation.

Diplomatic sources say an agreement on helping finance this radical change in energy thinking will be a game changer.

Most importantly, it would come at a time when climate experts are saying the crisis is not decades or even years away but is with us right now.

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Dancing safaris and FOCAC https://jjcornish.com/2018/08/dancing-safaris-and-focac/ Thu, 30 Aug 2018 22:00:00 +0000 https://jjcornish.com/2018/08/dancing-safaris-and-focac/ by Jean-Jacques Cornish Having infamously scrambled for the continent 120 years ago, Western leaders are today seeking to dance here. British Premier Theresa May twice skipped the light fantastic during her three-nation safari. She danced her robot mash with Cape Town schoolchildren and with boy scouts and girl guides in Nairobi. French President Emmanuel Macron […]

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by Jean-Jacques Cornish

Having infamously scrambled for the continent 120 years ago, Western leaders are today seeking to dance here.

British Premier Theresa May twice skipped the light fantastic during her three-nation safari.

She danced her robot mash with Cape Town schoolchildren and with boy scouts and girl guides in Nairobi.

French President Emmanuel Macron boogied with musician Femi Kuti at the New Africa Shrine in Lagos last July.

Neither posed any immediate threat to Fred Astaire and Ginger Rogers.

But it showed the lengths they were prepared to go to make friends in Africa.

May was in South Africa, Kenya and Nigeria. She sought to reassure the African heavy hitters that Brexit will not affect their economic ties with Britain.

Macron’s visit was billed as more culture than policy.

But his return to Lagos, where he spent six months as an intern in 2002, was obvious.  He wishes to keep the lines of communication in good order.

Angela Merkel was also in  Africa in the last week of August. She did not pack her dancing pumps for Senegal, Ghana and Nigeria.

Her preoccupation was securing deals with her hosts curbing the stream of irregular migrants from African into Europe.

All  these leaders mentioned Africa’s enviable economic growth and the market potential presented by its growing young population.

But they dared no raise hopes either at home or at their African destinations.

There is a new player in the modern scramble for Africa – and it is one that dwarfs them.

China’s dominance of the African market will be demonstrated at the Forum for China Africa Cooperation (FOCAC).

Meeting in  Beijing, it is expected to feature a number of eye-watering offers from China to help Africa’s infrastructure deficit.

At the previous FOCAC in Johannesburg, this amounted to $60 billion.

Chinese leader Xi Jinping has recently embarked on his own safari.

He stopped  Senegal and Rwanda before arriving in South Africa for the BRICS summit. Then he visited Mauritius on the way home.

China’s belt and road programme, designed to give Beijing better access to foreign markets, dominated.

Africa, providing strategic resources, played a major part in transforming China to the world’s second largest economy.

It does business differently from Africa’s traditional partners.

It does not impose values like observation of human rights and rule of law.

It provides credit freely. Approaching $100 billion dollars has been loaned by China for building African roads, railways, ports and major buildings.

Critics say Beijing’s constructing an elaborate death trap.

Beijing responds that the critics are none other than the former colonialists, who have an axe to grind.

Who can blame cash-strapped countries being attracted to China’s credit honey pot.

South Africa is among the latest, taking a $2,5 billion loan for ESCOM.

All above board and properly thought out, is the assurance from President Cyril Ramaphosa. 

Question: could that loan have been secured safely and on better terms  from the more rhythmic recent visitors? 

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