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Browsing: Climate change
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 …
- 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 …
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. …
