South Africa pitches $84bn plan to shift from coal to clean energy – Nov 2022
President Cyril Ramaphosa set out a 200-page investment plan ahead of Cop27 climate talks, urging partners to finance his vision.
President Cyril Ramaphosa set out a 200-page investment plan ahead of Cop27 climate talks, urging partners to finance his vision.
By Courtney Morgan, Leanne Govindsamy and Boitumelo Masipa In December, a year after the $8.5 billion Just Energy Transition was first announced, South Africa’s Just Energy Transition Investment Plan (JET-IP) was approved by cabinet and then published for public comment. The Fair Finance Coalition Southern Africa, together with the Life After Coal Alliance, submitted comments,…
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…
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…