South Africa's Just Energy Transition: Balancing Coal and Green Initiatives
Key Ideas
  • South Africa's Just Energy Transition (JET) aims to shift towards a low-carbon economy with investments in renewable energy, green hydrogen, and skills development.
  • The JET Investment Plan 2023–2027 outlines the need for approximately R1.5 trillion in funding from various sources to decarbonize the economy by 2030.
  • International partners like Spain, Germany, and France, as well as financial institutions, have pledged over $13 billion towards South Africa's JET, with more funding expected from the private and public sectors.
  • The initiative focuses on upskilling workers, supporting small businesses for green projects, and developing capacity in municipalities to improve energy access, efficiency, and infrastructure.
South Africa is making strides in its Just Energy Transition (JET) to move towards a low-carbon and climate-resilient economy. The JET Investment Plan for 2023–2027 requires significant funding of nearly R1.5 trillion to achieve decarbonization targets by 2030. The plan includes investments in electricity, new energy vehicles, and green hydrogen, with international partners like Spain, Germany, and France pledging over $13 billion. The initiative also emphasizes skills development, with a focus on upskilling workers for the green economy. Private and public sector investments are crucial for the success of the JET, which aims to support small businesses, improve energy infrastructure, and ensure equitable energy access for all. Through partnerships with various stakeholders, South Africa aims to transition from coal dependence towards a more sustainable energy mix, balancing the need for traditional energy sources with green initiatives for a cleaner and greener future.
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