03 Nov 2022 · Our Just Energy Transition Investment Plan (JET IP) for the five-year period 2023-2027 sets out the scale of need and the investments required to achieve the decarbonisation commitments in our Nationally Determined Contribution (NDC), which outlines the rate at which South Africa plans to reduce greenhouse gas emissions and represents South ...
Our Just Energy Transition Investment Plan (JET IP) for the five-year period 2023-2027 sets out the scale of need and the investments required to achieve the decarbonisation commitments in our Nationally Determined Contribution (NDC), which outlines the rate at which South Africa plans to reduce greenhouse gas emissions and represents South ...
South Africa’s Just Energy Transition Investment Plan (JET IP) for the five-year period, 2023–2027, sets out the scale of need and the investments required to support the decarbonisation commitments made by the Government of South Africa.
Taken together, they constitute the enabling framework for climate related investments in adaptation, mitigation, and the just transition, demonstrating South Africa’s resolve to embark on a fundamental restructuring of the electricity sector to ensure equitable and affordable access to clean energy, address energy poverty and competitiveness ...
South Africa has created the JET IP to specify its priority investment requirements for the next five years in the electricity, NEVs, and GH2 sectors, in order to meet the objectives of energy security, just transition, and economic growth.
The JET Investment Plan 2023–2027 (JET IP), based on the Just Transition Framework approved in 2022, commits to an energy transition rooted in justice for South Africa.
Key features JET IP recognises that fossil fuel dependent countries such as South Africa require significant support to transition – which aligns with developed country obligations to support developing countries under the UNFCCC and its Paris Climate Agreement
The South Africa Just Energy Transition Investment Plan (JET-IP) is a $8.5bn deal to help South Africa (ZA) decarbonise its economy, struck at COP26 in 2021. [1][2] This Just Energy Transition Partnership is a cooperation between the governments of ZA, France, Germany, the United Kingdom, the United States and the European Union. [3]
The initial IPG offer of US$8.5 billion is thus a catalytic contribution towards addressing the JET IP priorities. The JET IP is an invitation to international and local investors and donors to partner with South Africa on its just energy transition journey.
The JET PMU was established by the Presidency in January 2023 to provide an implementation roadmap for the Just Energy Transition Investment Plan (JET IP); convene role-players; and build partnerships for JET IP delivery.
