Link: http://euanmearns.com/about-euan-mearns/ Euan Mearns was born in India in October 1957 during the waning years of British colonialism. He returned to Scotland, earned a PhD in geology and owned a isotope geochemistry analysis and consulting business for the oil and gas industry. His real passion is to try to understand the various components of how The Earth energy system works and to educate politicians and the public on Energy Matters. He is an Honorary Research Fellow at The University of Aberdeen.
Rob Jeffrey, Independent Economic Risk Consultant: “Although nuclear energy has a high capital cost, it has a large load factor that is about 90%, compared with other energy sources that have a much lower load factor and life capacity.” South Africa’s National Development Plan (NDP) set the country’s gross domestic product (GDP) growth target at more than 5% a year for the country to meet its economic, social and political objectives. These objectives include the three fundamental targets of reducing inequality, poverty and unemployment.
Rob Jeffrey, Independent Economic Risk Consultant: Poverty is the single highest social cost to society. There are only three major policy objectives: a) poverty alleviation, b) reducing inequality and c) reducing unemployment. Emerging economies require electricity energy sources that offer security of supply at the lowest possible cost. Conclusion: Unless emerging countries that have fossil fuels use them it will heavily prejudice their future growth and result in increased unemployment and poverty. Renewables and carbon tax are contrary to objectives. They are both taxes on the poor.
(Rob Jeffrey) South Africa - SOUTH AFRICA’S ELECTRICITY AND ECONOMIC DEVELOPMENT REQUIREMENTS PART 113.Jan.2020
Rob Jeffrey, Independent Economic Risk Consultant: The three major objectives of the country are poverty alleviation, reducing inequality and raising standards of living. These objectives can only be achieved by maintaining a high rate of economic growth, thereby reducing levels of unemployment and raising the standard of living. Electricity is a necessary but not a sufficient condition for economic growth. The necessary condition for sustainable economic growth is that there is a stable and secure supply of electricity at the lowest effective economic cost when delivered to the user. The sufficient condition requires that economic, social and political conditions must be put in place to foster and encourage domestic and foreign investment, thereby creating demand for productive and economically efficient industries.