Just transition transaction in South Africa
reportposted on 06.10.2020, 15:19 by Harald WinklerHarald Winkler, Samantha Keen, Andrew Marquard
Policy brief on a just transition transaction.
An innovative way to finance accelerated phase out of coal and fund the transition for communities
A just transition shifts from historically high-emissions, exclusive to low-emissions, inclusive development. A just transition in South Africa’s electricity sector from coal to cleaner energy is critical for climate change mitigation. And to be just, the transition must leave no-one behind. A just transition transaction as a mechanism, mobilises blended finance to fund 1) the accelerated phase out of coal, thereby accelerating a transition from coal to renewable energy and 2) protection of livelihoods of those communities and workers affected.