Search Climate Insights Directory
1 result
Submission to the Presidential Climate Commission on South Africa’s Just Energy Transition - Investment Plan
The Institute for Economic Justice (IEJ) and Climate Finance for Equitable Transitions (CLiFT) argue that the JET-IP's strategy of 'de-risking' private finance is insufficient to mobilise the required R1.5 trillion and exposes South Africa to significant fiscal, legal, and social risks. The authors contend that the plan fails to meet National Determined Contributions (NDCs) due to an over-reliance on private renewable energy and a lack of investment in public transport and energy efficiency. They recommend shifting to a 'rights-based' governance framework and an 'allocative credit policy' that prioritises public investment, local manufacturing, and comprehensive social protections for workers and communities.
AI-generated
This summary is written by a language model reading the source document. It is not the publisher's words and is not a substitute for the original.
Document type: Report