CAPE TOWN, The South African government is working on petroleum sector codes to promote transformation in the industry to ensure the meaningful participation of the disadvantaged sections of South Africa’s society in the sector, says Energy Minister David Mahlobo.
We have to work together towards a radically transformed and inclusive economy. This is a non-negotiable in our context and includes emphasis on skills transfer and enterprise development to create additional opportunities for transformation and empowerment in the country, the regions and the continent as a whole, he added when addressing the Africa Oil and Gas Week Conference here Monday.
He said the sustainability of the country’s environment was key and that South Africa had set ambitious carbon reduction targets. Sustainability of energy supply therefore needs to include a diversified energy mix which uses the most efficient primary energy resource for each application or energy service rendered, Mahlobo said.
The government is already seeking ways and new technologies to use fossil fuels with minimal carbon emissions, in line with the country’s climate change commitments, he said. South Africa recognizes the role of nuclear power in ensuring security of energy supply and meeting the challenge of climate change. We promote an energy mix of coal, gas, renewables and nuclear, he added.
Mahlobo said each of the options had its role — some of the energy sources are intermittent supply, while others, such as nuclear and coal, are base-load supply.
Our primary policy instrument in this regard is the Integrated Resource Plan (IRP), which details our proposed energy mix and interventions over a 20-year period, he said, adding that the IRP Review was currently underway and the finalisation of the policy was expected soon.
Given South Africa’s current socio-economic realities, our development focus and available resources, we have to take a pragmatic approach. We are implementing our energy mix policy by having 30 per cent of clean energy by 2025, he said.
The multifaceted nature of the energy policy called for factors such as economic, social and environmental concerns to be considered in energy planning, he added.
Source: NAM NEWS NETWORK