Exxaro Resources and Eskom have officially signed a Memorandum of Understanding (MoU) to collaborate on strategic initiatives aimed at reducing carbon emissions and advancing South Africa’s commitment to a low-carbon economy.
The agreement, which includes research efforts and investment in innovative technologies, was formalized on Monday and aligns with the country’s Integrated Resource Plan (IRP) and the Paris Agreement.
The partnership will focus on measuring and managing Scope 1, 2, and 3 emissions while exploring solutions to facilitate South Africa’s Just Transition.
Additionally, the agreement emphasizes job creation in green industries, skills development, and stakeholder engagement to enhance climate resilience.
“By leveraging our expertise in diversified mining and energy solutions, we aim to drive meaningful innovation that not only decarbonizes our operations but also delivers socio-economic benefits to the communities we serve,” said Exxaro CEO Ben Magara.
Eskom’s Research, Testing & Development unit will spearhead efforts to integrate cutting-edge technology and emission reduction strategies.
Eskom CEO Dan Marokane stressed the importance of sustainable energy solutions while ensuring electricity security. “This collaboration supports our long-term vision for South Africa’s energy landscape by balancing existing resources with renewables and emerging technologies,” he stated.
Economists expect the partnership to have significant implications for South Africa’s energy sector, strengthening the global market for clean energy investment while ensuring local economic stability. With Exxaro aiming for carbon neutrality by 2050, both companies reaffirm their commitment to transparent reporting and responsible environmental stewardship.
As South Africa intensifies efforts to reduce emissions and comply with international sustainability benchmarks, this alliance is positioned to shape the future of the country’s energy sector while fostering economic resilience.
Source:Sanews
Read Also:Eskom Strides Toward Historic Year Without Load Shedding – Jaina News
Eskom’s Record-Breaking Power Streak Spurs Investor Confidence and Economic Growth – Jaina News
