The executive director of South Africa's Presidential Commission on Climate Change called the country's coal industry 'delusional' on Wednesday, saying the market for the fossil fuel is going to dwindle rapidly in the next decade.
A Transnet Freight Rail train is seen next to tons of coal mined from the nearby Khanye Colliery mine, at the Bronkhorstspruit station, in Bronkhorstspruit, around 90 kilometres north-east of Johannesburg, South Africa, April 26, 2022.
"The industry is delusional, and I'm really struggling to get a sober conversation with the industry," Crispian Olver said at a conference on coal and the energy transition in Johannesburg."Our view is the coal market is going to drop off radically in the 2030s and particularly after 2035," he said during a panel discussion with executives from coal miners Seriti Resources and Menar Resources.
"The transition is coming, but it's going to be impossible to have a conversation with the industry if we can't get past the basic denialism," Olver said. Menar Resources managing director Vuslat Bayoglu said renewable energy was not a silver bullet, and that it was up to Eskom, rather than coal miners, to minimise carbon emissions. Menar has also been trying to meet surging demand for coal from Europe.
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