Making South Africa’s Just Energy Programme a reality

The success of South Africa's Just Energy Transition (JET) programme will hinge on two main outputs, namely: a robust and feasible national JET Investment Plan (IP); and securing the required financing mechanisms for the implementation of the JET IP.

South Africa is the first country globally to have developed a national JET IP (currently in the final review process). This is a first critical step in laying out the priorities to transition the country towards a sustainable, low-carbon and inclusive growth path. The next key step will be to provide realistic funding avenues and mechanisms that can support the implementation of this ambitious IP.

Genesis will work closely with South Africa’s National Treasury Asset and Liability Management Division and the Presidential Climate Finance Task Team. Our role is to provide strategic advice and recommendations as regards the resource mobilisation and coordination function for the JET IP.

This strategic support will include reviewing the funding requirements and prospective financing instruments for the JET programme; advising on linkages between financing approaches and technical requirements; and reviewing the legal frameworks associated with these prospective financing approaches.

The key outcome of this project will be developing a comprehensive, medium-term implementation programme, focusing on issues that may target the electricity, electromobility and green hydrogen sectors, coupled with the associated resource mobilisation and financing activities needed.