International Financing: a facilitator to the South African energy transition in post-covid19 recovery
The South African Association for Energy Economics (SAAEE) in collaboration with Agence Francaise Development (AFD) cordially invite you to a webinar as part of the Let’s Talk Energy series on
International Financing: a facilitator to the South African Energy transition in post-covid19 recovery
South Africa is one of the most carbon-intensive economies in the world, contributing more than one percent of global Greenhouse Gas (GHG) emissions despite its proportionately smaller population and gross domestic product (GDP). The energy sector accounts for the bulk of these emissions: More than 80 percent of the sector’s emissions result from the production of coal fired power and coal liquefaction.
With the global evolution of pricing of low-carbon technology, one of the barriers to the transition would appear to be more a matter finance than economics. The global energy transition is already underway and is driving fundamental changes even in South Africa. The amount of capital required to transition the energy system is very large, thus, all the economic and financial instruments that that can contribute must be taken advantage of. International finance institutions have a variety of instruments to accompany partner countries in its energy transition efforts. How can these be tailored of the South African context?