South Africa: SA Needs R1.5 Trillion for Just Energy Transition

Addressing a hybrid Special Sitting on Understanding the contents of South Africa's Just Energy Transition Investment Plan on Thursday, Yawitch said achieving the JET IP outcomes is dependent on the scale and nature of financial support that South Africa can secure from the international community to complement domestic resources.

"The initial IPG offer of US$8.5 billion is thus a catalytic contribution towards addressing the JET IP priorities," she said. The IPG US$8.5bilion offer comprises grants, concessional and commercial loans, and guarantee instruments, contributing to approximately 12% of South Africa's JET IP funding needs for the period.

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South Africa needs R1.5 trillion to switch to green energyAchieving South Africa’s Just Energy Transition Investment Plan will depend on the scale and nature of financial support that the country can secure. Of all green energy, nuclear is the most reliable. We can build a few with R1.5 trillion, go for it! elonmusk any suggestions? 🇿🇦👀 Ask Ramaphosa if he has more in his other couch
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