South Africa’s energy transition plans are focused on reducing greenhouse gas emissions, expanding the transmission network, and promoting a just transition. The country’s ambitious goals include retiring 12 GW of coal plants and adding 18 GW of new wind and solar PV by 2030.
The Just Energy Transition Investment Plan (JET IP) has been created to specify priority investment requirements for the next five years in the electricity, NEVs, and GH2 sectors.
The Eskom Just Energy Transition Project (EJETP) is a $497 million project approved by the World Bank Group in November 2022.
This project is in line with South Africa’s Integrated Resource Plan (IRP), a 2019 analysis of its energy needs and costs, which concludes that wind and solar are least-cost technologies.
The EJETP aims to reduce greenhouse gas emissions, which is in line with the government’s goal to transition South Africa into a resilient economy and society by 2050.
South Africa’s Just Energy Transition is progressing, with the International Partners Group (IPG) committed to supporting the country in achieving its ambitions.
The IPG has announced a ground-breaking partnership with South Africa to accelerate the decarbonization of the economy and move towards the country’s highest carbon emission reduction targets.
This partnership will attract investment, create jobs, and help grow South Africa’s economy.
The JET IP also recognizes the importance of skill development and municipal capacity building, which are crucial for a just transition. The plan aims to support local grids, road-to-rail transition, and financing for reducing emissions.
South Africa’s introduction of vital energy policy reforms has led to rapid private sector growth and university participation in the energy sector.
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