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Eskom Transformed: THE PIC, ESKOM DEBT & FINANCING A JUST ENERGY TRANSITION

[RESOURCES] Eskom Transformed: THE PIC, ESKOM DEBT & FINANCING A JUST ENERGY TRANSITION

The multiple crises currently facing Eskom, South Africas largest energy producer and emitter of greenhouse gasses, have inspired spirited debate on the ways of solving them. The largest areas of focus to date have been on governance (in particular Unbundling), Eskom’s role vis-a-vis renewable energy, and the financial crisis facing the entity.

To this end, the Alternative Information and Development Centre which has been an active participant in contributing to these debates, has put together a brief resource pack of some of our contributions to this debate.

These resources should aid you in understanding the basic history of Eskom as an entity, the origins of its current crisis, the nature of its financial decay over the years, the urgency of justly transitioning to renewable energy with Eskom as a leading vehicle.

The resources point towards a vision of the energy sector that is publically financed and socially owned, that understands that any transition to renewables will not be painless. In understanding the challenges inherent in this the resource pack begins with the Eskom Research Reference Group’s “Eskom Transformed: Achieving a Just Energy Transition for South Africa” report. This groundbreaking report presents one of the most comprehensive investigations into how we need to transform Eskom into a financially viable, socially owned public utility.

We hope you find these resources useful.

PDF’s:

Eskom Transformed Research Paper: http://aidc.org.za/download/eskom_transformed/Eskom-Transformed-Full-Report.pdf

The Impediments Trade Agreements Pose to a South African Renewable Energy Industry: http://aidc.org.za/download/climate-change/Trade-and-Renewables-Research-PDF-Version.pdf

PIC Research Paper: http://aidc.org.za/download/the_public_investment_corporation_pic_and_the_government_employees_pension_fund_gepf/The-Public-Investment-Corporation-and-Financing-a-Just-Energy-Transition-Final.pdf

PIC Briefing Note: http://aidc.org.za/download/the_public_investment_corporation_pic_and_the_government_employees_pension_fund_gepf/PIC-and-Financing-a-Just-Transition-Briefing-Note.pdf

Op-Eds:

Eskom Must Lead the Energy Shift: https://mg.co.za/opinion/2020-07-16-eskom-must-lead-the-energy-shift/

A different Eskom: Achieving a just energy transition for South Africa: https://www.dailymaverick.co.za/article/2019-07-04-a-different-eskom-achieving-a-just-energy-transition-for-south-africa/ 

Use PIC and pension fund to rescue SA: http://aidc.org.za/use-pic-and-pension-fund-to-rescue-sa/

Putting Eskom’s debt on the government balance sheet could lead to … disastrous budget austerity: http://aidc.org.za/putting-eskoms-debt-government-balance-sheet-lead-another-credit-downgrade-disastrous-budget-austerity/

GEPF, budget austerity and the Eskom debt crisis: The R1.8 trillion and growing Elephant in the Room: http://aidc.org.za/gepf-budget-austerity-and-the-eskom-debt-crisis-the-r1-8-trillion-and-growing-elephant-in-the-room-part-1/

Eskom unbundled: Contradictions in the plan will exacerbate the energy crisis: https://www.dailymaverick.co.za/article/2020-07-23-eskom-unbundled-contradictions-in-the-plan-will-exacerbate-the-energy-crisis/

Renewable energy must become a public good: https://www.dailymaverick.co.za/article/2020-07-27-renewable-energy-must-become-a-public-good/

Only a public pathway for electricity supply can meet the climate crisis challenge: https://www.dailymaverick.co.za/article/2020-07-30-only-a-public-pathway-for-electricity-supply-can-meet-the-climate-crisis-challenge-part-3/ 

Audio: 

Building a New Eskom: https://anchor.fm/amandla-media/episodes/Building-a-new-Eskom-Fully-Public-and-Serving-the-People-e4sgte 

Why We Must Transform Eskom: https://anchor.fm/amandla-media/episodes/Why-We-Must-Transform-Eskom-eh2vqu 

Videos:

Eskom Transformed Launch: https://www.youtube.com/watch?v=sRWsTsD-qfo 

Why we need a Transformed Eskom: https://www.youtube.com/watch?v=ENKXM6bTYGE

Use PIC to Stabilise Eskom and other SOEs [etv interview]: http://aidc.org.za/use-pic-to-stabilise-eskom-and-other-key-soes-dominic-brown/

The Role of Public Utilities in Transforming the Energy Sector and Ensuring a Just Transition: https://www.youtube.com/watch?v=Kz1gp5LGEnE&t=15s

Current Energy Transitions and their Implications for Public Sector Utilities: https://www.youtube.com/watch?v=UlQcJxYeH3E

The South African Situation: https://www.youtube.com/watch?v=iqmBq2TVQ1M 

The South African Situation Part 2: https://www.youtube.com/watch?v=A7kY9q_KIvs

The South African Situation Part 3: https://www.youtube.com/watch?v=NGQevTehl-g&t=9s

Supply Chains: https://www.youtube.com/watch?v=48_A_TJ0KNo

A Just transition to a transformed energy sector: https://www.youtube.com/watch?v=zqcPWYZKV9o

Preparing for a Public Pathway: https://www.youtube.com/watch?v=gRbiQRJIfAU 

Preparing for a Public Path 2: https://www.youtube.com/watch?v=ENKXM6bTYGE

Other Resources:

Explainers:

Can Private Power Avert the Climate Crisis: http://aidc.org.za/eskom-transformed-can-private-power-avert-the-climate-crisis/

What is the Just Transition?: http://aidc.org.za/what-is-the-just-transition/

https://twitter.com/AmandlaMedia/status/1284397513634729986/photo/1

Why Should We Oppose Unbundling? (Part 1): http://aidc.org.za/why-should-we-oppose-unbundling-part-1/

https://twitter.com/AmandlaMedia/status/1295289846584541184/photo/1

Posted in Eskom Transformed, PIC and GEPF Research

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