STAFF REPORTER
THE German government has committed a further R6.2 billion (€355 million) to South Africa’s just transition toward a greener economy and skills development.
After negotiations last Friday (5 October) in Pretoria, the German delegation said that it would further fund the transition over a 2-year-cycle with a specific focus on climate and energy, sustainable economic development, training, as well as health-related and inclusivity factors. The funding will be in the form of grants and subsidised loans.
South Africa is planning to shift away from a coal-resilient energy supply that falls under the national power utility Eskom. In July president Cyril Ramaphosa announced the Just Transition Framework, which, under his climate commission, sets out policy measures and undertakings by various partners to minimise the economic and social impacts of a long-term switch to renewables – away from fossil fuels.
This, in turn, opened the country up to roughly
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