Browsing: Climate change

Bitcoin has been oscillating making it unsteady.

As the rise and fall becomes more frequent and intense, it confirms that bitcoin does not follow a come -around -go-around trend.
In October this year, bitcoin drooped intensely before breaking the roof to hit a record high of US$66893.22. Investor psychology can be used to explain the trend in digital currency.

On a normal day, bitcoin investors use a fall in bitcoin worth as a go ahead to purchase, due to low prices at this time. The investors then wait to reach highs to sell off their accumulated assets; creating a loop of buying and selling.…

South Africa, like many other countries in the world, still uses coal to power its economy, but now the country wants to become a low carbon economy and a climate-resilient society and to do so, it has announced a major U.S.$8.2 billion deal with Europe and the US.

This deal makes South Africa the only African country to have come out of COP26 with a tangible, actionable and financed plan to make it climate change resilient. The energy embattled country has signed the deal with all the big boys, the UK, the U.S., Germany, France and the European Union.

The pact is considered the first of its kind, where the so-called ‘Global North Countries’ are funding a ‘Global South Country’ to transition to renewable energy. Granted in this case there is the interest in coal since South Africa is heavily reliant on coal and so the deal is considered a …

However, the DW report argued that just 18 per cent of GCF financing went to projects in the world’s poorest countries, while 65 per cent went to projects in middle-income countries like Mexico or India.  

GCF is an essential partner towards Africa’s climate action. It is one of the most potent multilateral financing mechanisms available for the continent in supporting genuine-time climate action efforts. 

Despite the underlying challenges within climate finance the region faces, it ought to be ready to harness GCF’s potential and become resilient as climate change impacts do not wait.  …

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A coal powered plant in South Africa. South Africa is currently Africa's largest emitter of greenhouse emissions.

Because outside of the governments, politicians, civil servants, lobbyists and pressure groups that thronged the Conference there is a cohort of entrepreneurs that are passionate about reversing climate change, that have fantastic commercially viable and innovative ideas, but who require funding and strategic support to make these ideas a reality.  

And so I want to suggest that as well as taking personal responsibility for our carbon footprint and doing all that we can to minimise our negative impact on Planet Earth, we should also be investing in line with environmental, social and governance principles at all times – and ensuring that 20% of our investments in 2021/22 should be directly targeted at investments that will have a positive environmental impact. …

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  • US, EU pledge to cut global methane and greenhouse gas emissions by at least 30 per cent by 2030.
  • 16 Southern African Development Community (SADC) states have recorded 36 per cent of all weather-related disasters in Africa.
  • China, the world’s largest emitter of methane, India and Russia are not part of a pledge to cut down emissions.

The 26th Conference of Parties (COP26) has demonstrated to the world action towards climate change is possible.

As heads of state converge and pledge crucial issues including, the US and European Union announced a global methane pledge, cutting emissions of greenhouse gas by at least 30 per cent by 2030.

The conference, which is attended by countries that signed the United Nations Framework Convention on Climate Change (UNFCCC), has been drawing international attention as climate change impacts the global economy, especially developing economies across the world.

In that context, Africa as a region …

Coal mining. Exxarro resources is caught in the middle in the pursuit of a greener earth and universal reliance on renewable energy.

The pursuit of a greener earth and universal reliance on renewable presents a unique dilemma for countries in Sub Saharan Africa which rely heavily on energy provided by coal, shale, and other fossil fuels but also their economic livelihoods depend on the black gold.
The elimination of coal and related energy sources would severely prejudice economies that constitute SSA which are still developing or emerging.
It is against this background that the outgoing Chief Executive of the largest coal miner on the JSE, who is also the President of the Minerals Council is on record for saying that African countries should be allowed to make the transition from fossil fuels to greener renewable energies at their own pace. …

China had been funding the development and exploitation of massive coal reserves in countries like Indonesia and Vietnam under an initiative called the Belt & Road but has come under pressure as the world tries to honour its Paris climate agreements.

This Belt & Road initiative is a strategy initiated by the People's Republic of China that seeks to connect Asia with Africa and Europe via land and maritime networks with the aim of improving regional integration, increasing trade and stimulating economic growth. 

To realize this vision required the use of natural resources which China does not have entirely but other nations do and would then secure supply of this through the development of resources such as coal mines in developing countries. The Chinese are reportedly developing a US$3 billion coal mine in the Hwange area of Zimbabwe.…

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A patient being attended to at the Kijabe Hospital in Kenya. Climate change has led to an increase in disease carrying insects and the emergence of new diseases in Africa.

The report indicates that major cereal crops which are grown across Africa will be adversely impacted by the first half of this century.

In the worst case climate change scenario, West and Central Africa will register a reduction of yields by 13 per cent, 11 per cent in North Africa while East and Southern Africa will see an 8 per cent drop.

Millet and sorghum, which are not grown by majority of smallholder farmers who make up more than 70 per cent of the agricultural output in Africa, remain resilient and will only incur yield losses of just 5 per cent and 8 per cent respectively by 2050. Wheat and rice, which also happen to be staples, will be the most affected crops losing 12 per cent and 21 per cent respectively in yields by 2050.…

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Demonstrations before the COP26 opening. Africa is suffering the brunt of climate change.

As part of the requirements under the Kenyan Act, the government additionally established an Integrated Monitoring Reporting and Verification (Integrated MRV) system and published Kenya's National Climate Change Action Plan 2018-2022 (NCCAP). The five year plan requires the government to develop “action plans”, providing mechanisms to assist stakeholders in bringing about low-carbon climate-resilient development. 

Angola boasts some of the most ambitious targets for transition to low carbon development in Africa, albeit having ratified the Paris Agreement in November 2020. Since then the country has launched a national development plan, established a climate observatory and implemented a continuous national emissions monitoring system.

In addition, Gambia is committed to reducing its GHG emissions unconditionally, by 2.4 per cent by 2025 having implemented the Sustainable Energy Action Plan in 2015, which sets out the country’s renewable energy targets and corresponding measures necessary for their achievement. It has also committed to terminating oil importation…

A woman and her child fetching water from a swamp in Kikomera Biri village in Uganda. Communities have to also play a role in ensuring that their water rights are addressed.

Water-borne illnesses are often spread through contaminated drinking water systems. Most of the contaminants are faeces and urine of sick people and animals. Another contaminant is runoff from garbage sites, landfills, sewer pipes, septic systems and industrial and residential developments.
To fight the spread of water-borne diseases in Africa, all stakeholders have to institute better sanitation measures and provide drinking water, washing and bathing facilities that promote improved hygiene. Also, water should be kept separate from waste.
In addition, extensive education programmes could help ensure that residents are aware of the proper hygiene techniques to keep their water supplies safe.…

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