Just transition | SA's battle for green power

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South Africa's lack of clarity about its position on a move away from fossil fuels negatively affects investor confidence. Photo: iStock
South Africa's lack of clarity about its position on a move away from fossil fuels negatively affects investor confidence. Photo: iStock

BUSINESS

South Africa needs to pursue a course towards a just transition to green energy and decarbonisation – a move that would include the reallocation of investment away from carbon-intensive sectors and activities – but issues around what role investors should play, policy challenges and whether the country has the financial instruments required to meet that just transition persist.

Trade and Industrial Policy Strategies (Tips), an independent economic research institution, hosted a discussion this week looking at what could work within the country’s current financial system, and where changes to the financial ecosystem are needed to effectively support a just transition.

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