{"id":261,"date":"2016-02-24T15:31:14","date_gmt":"2016-02-24T15:31:14","guid":{"rendered":"http:\/\/frackfreesa.org.za\/?page_id=261"},"modified":"2016-03-20T08:21:37","modified_gmt":"2016-03-20T08:21:37","slug":"economy","status":"publish","type":"page","link":"https:\/\/frackfreesa.org.za\/index.php\/resources\/economy\/","title":{"rendered":"Economy"},"content":{"rendered":"<p>Extraction of Unconventional Gas will create some jobs.\u00a0Most likely these will be for highly skilled engineers, not for local people who will bear the brunt of the negative impacts.\u00a0 Saliem Fakir of WWF <em>&#8220;The oil and gas industry\u00a0tends to\u00a0overplay the potential economic value of unconventional gas. The\u00a0conditions in South Africa\u00a0are unfavourable at present, to make shale gas the game changer that the Government is hoping it will\u00a0be.&#8221;<\/em><\/p>\n<p>Our use of fossil fuels is fuelling this land grab for the hydrocarbons beneath the surface.\u00a0 There are alternatives to coal and gas for energy. South Africa has many projects which are quietly and effectively adding power to the national grid \u2013 projects which have come on line on time and on budget, unlike the coal-fired power stations which affect communities\u2019 health and resilience.\u00a0 The quote below (from the SA Government&#8217;s input to the CoP21 Climate Change meeting in Paris in December 2016), highlights the fact that there are suitable and sustainable (economic, social, environmental) alternatives, with better job prospects than fossil fuel projects.<\/p>\n<blockquote><p>&#8216;South Africa has already made significant investments in mitigation. As part of a Renewable Energy Independent Power Producer Procurement Programme (REI4P) has approved 79 renewable energy IPP projects, total 5 243MW, with private investment totalling ZAR 192 billion (approx. US$ 16 billion). Another 6300 MW are under consideration. Investment in public transport infrastructure was US$ 0.5 billion in 2012, and is expected to continue growing at 5% per year. South Africa established a South African Green Fund with an allocated US$ 0.11 billion in the 2011 to 2013 budgets to support catalytic and demonstration green economy initiatives.&#8217;<\/p><\/blockquote>\n<p><a href=\"http:\/\/frackfreesa.org.za\/wp-content\/uploads\/2016\/02\/Framing-the-Economics-of-Shale-Gas-in-SA-Report-2015-S-Fakir.pdf\" target=\"_blank\">Read the WWF publication &#8216;Framework to assess the Economic reality of shale gas in South Africa&#8217; (2015, S Fakir), here<\/a>.<\/p>\n<p><a href=\"http:\/\/frackfreesa.org.za\/wp-content\/uploads\/2016\/03\/Frackenomics.-What-do-we-know-about-the-economics-of-shale-gas-thus-far_KZN-seminar_March2016.pdf\">Download Frackenomics -What do we know about the Econmics of Shale Gas by Saliem Fakir<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-262 size-large\" src=\"http:\/\/frackfreesa.org.za\/wp-content\/uploads\/2016\/02\/jobs-1024x529.jpg\" alt=\"No Jobs on a Dead Planet - Once your Frack you can't go back\" width=\"750\" height=\"387\" srcset=\"https:\/\/frackfreesa.org.za\/wp-content\/uploads\/2016\/02\/jobs-1024x529.jpg 1024w, https:\/\/frackfreesa.org.za\/wp-content\/uploads\/2016\/02\/jobs-300x155.jpg 300w, https:\/\/frackfreesa.org.za\/wp-content\/uploads\/2016\/02\/jobs-768x397.jpg 768w, https:\/\/frackfreesa.org.za\/wp-content\/uploads\/2016\/02\/jobs.jpg 1416w\" sizes=\"(max-width: 750px) 100vw, 750px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Extraction of Unconventional Gas will create some jobs.\u00a0Most likely these will be for highly skilled engineers, not for local people who will bear the brunt of the negative impacts.\u00a0 Saliem Fakir of WWF &#8220;The oil and gas industry\u00a0tends to\u00a0overplay the<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":216,"menu_order":5,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"_links":{"self":[{"href":"https:\/\/frackfreesa.org.za\/index.php\/wp-json\/wp\/v2\/pages\/261"}],"collection":[{"href":"https:\/\/frackfreesa.org.za\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/frackfreesa.org.za\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/frackfreesa.org.za\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/frackfreesa.org.za\/index.php\/wp-json\/wp\/v2\/comments?post=261"}],"version-history":[{"count":22,"href":"https:\/\/frackfreesa.org.za\/index.php\/wp-json\/wp\/v2\/pages\/261\/revisions"}],"predecessor-version":[{"id":536,"href":"https:\/\/frackfreesa.org.za\/index.php\/wp-json\/wp\/v2\/pages\/261\/revisions\/536"}],"up":[{"embeddable":true,"href":"https:\/\/frackfreesa.org.za\/index.php\/wp-json\/wp\/v2\/pages\/216"}],"wp:attachment":[{"href":"https:\/\/frackfreesa.org.za\/index.php\/wp-json\/wp\/v2\/media?parent=261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}