There is hope’ for SA’s Just Energy Transition despite concerns about funding gap

There is hope’ for SA’s Just Energy Transition despite concerns about funding gap

There are fears that JET-IP’s proposed funding falls far short of what is needed to support workers and communities affected by the transition away from coal. South Africa’s daring plan to quit coal while sparking growth and keeping the lights on starred again in the State of the Nation Address (Sona) and the recent budget…

Fair Finance Coalition raise concerns about just energy transition

Fair Finance Coalition raise concerns about just energy transition

Monday 27 February 2023 – 4:00pm JOHANNESBURG – The Fair Finance Coalition of SA says communities bear the brunt of power cuts and should be more involved in the country’s electricity planning processes. READ: SA’s Electricity Crisis | Power cuts cause business instability The coalition also says Andre de Ruyter’s corruption claims have caused uncertainty around…

Why climate action needs climate finance – Nov 2022

Why climate action needs climate finance – Nov 2022

The Just Energy Transition Partnership (JETP) was one of the major announcements that emerged from COP26. This is a partnership between France, Germany, United Kingdom, United States and the European Union with South Africa. It is a multi-billion dollar venture that aims to facilitate a just energy transition. Overall it forms part of the broader…

Maya Hayakawa’s Post – Nov 2022

Maya Hayakawa’s Post – Nov 2022

As countries prepare to attend next month’s Cop27 climate summit in Egypt, South Africa’s cabinet has approved an investment plan for an $8.5 billion package to accelerate the country’s transition away from coal and towards clean energy. However, financial commitments prior are yet to materialise. Will it be any different this time? Thats the question…

Fair Finance Southern Africa launches to improve transparency and accountability at Development Finance Institutions – Nov 2022

Fair Finance Southern Africa launches to improve transparency and accountability at Development Finance Institutions – Nov 2022

Ahead of South Africa’s Budget Speech a coalition of civil society organisations launched Fair Finance Southern Africa seeking to strengthen the commitments of Development Finance Institutions to human rights standards and addressing the climate crisis. The launch saw coalition members discussing the role of institutions like the Development Bank of Southern Africa, and fair financing…