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.
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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…
FFCSA submits responses to UN call for input on DFIs and Human Rights.
Purpose: Report to be presented to the Human Rights Council in June 2023Background In its stocktaking exercise of the implementation of the UNGPs over the first decade since their adoption, the Working Group recognized that ‘financial actors have an unparalleled ability to influence companies and scale up on the implementation of the Guiding Principles1. With…
Implementing Just Transition: Civil society has a crucial role to play
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,…
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…
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…
