south africa energy transition
The Just Energy Transition Partnership with South Africa will …
The Just Energy Transition Partnership (JETP) with South Africa represents a novel attempt to support the energy transition in emerging economies. The $8.5-billion multinational venture aims to accelerate the phaseout of coal-fired power generation by incentivizing the flow of clean energy investments while addressing related …
Assessing policy barriers to the energy transition in South Africa
The primary barrier identified to the energy transition in South Africa was the state electrical utility ESKOM, which occupies a central position in terms of the country''s national energy strategy. It is the largest generator of electricity in Africa ( Baker et al., 2014 ) and is described by Jaglin and Dubresson (2016) as the 6th largest ...
South Africa: The latest developments in Just Energy Transition
The Just Energy Transition Investment Plan (JET IP)The JET IP is aligned with the Cabinet-approved National Just Transition Framework.The South African government said the plan outlined the investments required to achieve the country''s decarbonization commitments, while promoting sustainable development, and ensuring a …
The future of African oil and gas: Positioning for the energy transition
And while South Africa is currently the only African country with a carbon-pricing system—signed into law at the end of 2019—others could soon follow. 8 South African carbon tax, International Energy Association, updated June 30, 2020. In this context, oil and gas majors are increasingly challenged to deliver higher returns more …
The Renewable Energy Transition in Africa
A renewables-based energy transition promises to deliver vast socio-economic benefits to countries across Africa, improving energy access, creating jobs and boosting energy security. ... Socio-economic footprint of the energy transition: South Africa 21 November 2023. Towards a Prosperous and Sustainable Africa 28 February 2022 ...
Just Energy Transition of South Africa in a Post-COVID Era
The impacts of the COVID-19 pandemic have sparked global debate over how green economic recovery may and should be, and if the pandemic has accelerated the present energy transition while assuring a just transition for vulnerable populations such as unskilled workers and women. This study investigates the socioeconomic impact of …
Just Transition Framework
The just transition framework is a planning tool for achieving a just transition in South Africa, setting out the actions that the government and its social partners will take to achieve a just transition, and the outcomes to be realised in the short, medium, and long term. In 2021, the PCC commissioned several studies and undertook public ...
Whose just energy transition? A South African perspective
South Africa can use these mechanisms to play a bigger role on the African continent in accelerating the energy transition in Africa. South Africa is the second largest economy on the continent. It is the only African country in the G20 countries, is a member of the BRICS and G77 countries, and the current chair of the African Union.
South Africa: The latest developments in Just Energy Transition
At COP 27 in November 2022, South Africa launched its new Just Energy Transition Investment Plan and announced a five-year investment plan for the USD 8.5 billion financing package, which was announced as part of the country''s Just Energy Transition Partnership with France, Germany, the United Kingdom, the United States and the European Union at …
South Africa: Strong Foundations for a Just Transition
These, combined with the 2020 Presidential Climate Change Coordination Commission''s (PCCCC) mandate to coordinate South Africa''s just transition, can help lay the ground for a just transition in the energy sector. Context. South Africa''s economy and energy supply have long depended on mining domestic coal. It fueled 88% of South …
3 Challenges to South Africa''s Clean Energy Transition
Here are 3 challenges to South Africa''s clean energy transition plans: 1. Climate financing. Financing has been one of the main roadblocks to South Africa''s plan. Although COP26 yielded an $8.5 billion pledge by the US and EU countries – including Germany, France, and the UK – negotiations have not been without issues. For instance ...
Africa''s energy transition: opportunities and challenges for decent ...
Africa''s energy transition is well underway, structured by national and regional contexts and priorities, as well as global policy frameworks and commitments that countries have made. Critical to its success is the fine combination of new fossil fuel discoveries and the expansion of renewables across the continent. ... South Africa, the ...
Coal in 2022: South Africa''s Just Energy Transition Partnership
A pioneering financial commitment to support South Africa''s energy transition. South Africa has the most coal-intensive economy of the G20, depending on coal for 87% of its electricity. In Eskom it has a debt- and crisis-ridden utility struggling with rapidly evolving power sector economics.
South Africa''s energy transition and growth path to Net Zero
South Africa''s energy transition and growth path to Net Zero. Estimated reading time: 7 minutes. Scientific evidence of climate change risk has precipitated a worldwide drive to decarbonise every sector of the global economy by 2050. To navigate this journey, which is now commonly termed "Net Zero", every economy, …
South Africa''s Just Energy Transition Investment Plan (JET-IP) …
Our Just Energy Transition Investment Plan (JET IP) for the five-year period 2023-2027 sets out the scale of need and the investments required to achieve the decarbonisation commitments in our Nationally Determined Contribution (NDC), which outlines the rate at which South Africa plans to reduce greenhouse gas emissions and …
Tag: South Africa | EnergyTransition
South Africa''s energy transition passed significant milestones at the last two COPs (Conference of the Parties of the UNFCCC).Over the last two years, a framework for a just transition was developed and adopted by government, considering the inclusion of groups left behind by the energy industry. Women in particular face numerous challenges …
Presidency on international partnership to support a just transition …
13. Recognising the unprecedented opportunity for South Africa to become a leader in the just energy transition, and the importance of global collaboration; 14. Recognising also the need for long term cooperation, commensurate with the timeline for South Africa''s just energy transition; and. 15.
South Africa''s Just Energy Transition Investment Plan
A just transition to a low-carbon economy will benefit all South Africans by driving economic growth, creating jobs, and increasing our energy security, while addressing the serious threat of climate change. Our Just Energy Transition Investment Plan (JET IP) for the five-year period 2023-2027 sets out the scale of need and the investments ...
South Africa''s Just Energy Transition Partnership: A novel …
The essay provides an overview of the South African Just Energy Transition Partnership (JETP) and the technical and political processes involved to secure the first country platform deal of its kind in the world. The JETP was premised on delivering gigatons of carbon offsets by phasing out coal for a sizeable and attractive climate finance …
South Africa: Integrating Development and Climate Goals …
By implementing a low-carbon transition that aims to significantly lower emissions of greenhouse gases, South Africa can harness investments in new technologies to help resolve the protracted energy crisis. Low-carbon growth trajectory will also help strengthen country''s competitiveness, and reduce local air, water, and soil pollution that ...
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