Estimates show R600 bln needed to facilitate SA's energy transition - SABC News

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Energy Transition News

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It's estimated that at least R600 billion needed by 2030 to facilitate SA's energy transition.

This came out of the Development Bank of Southern Africa and the World Economic Forum roundtable in Sandton under the theme “Mobilising Investments for Clean Energy in South Africa.”

The DBSA says it has set aside $200 billion for green energy-related projects. The bank says this is part of its contribution to realising the Just Energy Transition to achieve the country’s goal to reach net-zero emissions by 2050. However, the Department of Trade, Industry and Competition says it’s worried that industrialists are left out as the country aims to reach net-zero emissions by 2050.

 

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