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International Partnership on Just Transition Set Up

November 4, 2021

The Presidency

An international partnership supporting a just transition to a low carbon economy and a climate resilient society in South Africa has been set up.

In a statement, the presidency confirmed that the partnership involves France, Germany, the United Kingdom, the United States, the European Union and South Africa.

As part of the Political Declaration, partner countries will “mobilise an initial $8.5 billion (R131 billion) over the next three to five years through a range of instruments, including grants and concessional finance, to support the implementation of our revised NDC through a just transition to a low carbon and climate resilient economy”.

Finance will be directed at renewable energy and the development of new sectors such as electric vehicles and green hydrogen.

“This will provide a significant boost to investment and growth while ensuring Eskom can access resources to finance repurposing of coal fired power-stations due for decommissioning over the next 15 years.”

President Ramaphosa declared that South Africa is committed to playing its part in reducing global emissions.

“The partnership that we have established today is a watershed moment not only for our own just transition, but for the world as a whole. It is proof that we can take ambitious climate action while increasing our energy security, creating jobs and harnessing new opportunities for investment, with support from developed economies”, he said.

According to the presidency, the partnership highlights the importance of a just transition.

“For the transition to be just, decarbonisation must be implemented in a manner that promotes and sustains employment, livelihoods and economic inclusion for historically marginalised communities and sectors of our society.”

A joint taskforce will be set up to implement the partnership.

Meanwhile, in Government Gazette 45400, the presidency published the latest list of National Orders to be awarded.