The South African government has received additional pledges, worth nearly $3.5-billion, in support of its Just Energy Transition Investment Plan (JET IP), increasing the overall envelope of concessional debt and grant funding to R11.9-billion. The Presidency’s Rudi Dicks told the Presidential Climate Commission (PCC) that Denmark and the Netherlands had combined their pledges with those of the International Partners Group (IPG) of France, Germany, the UK, the US and the European Union, which committed $8.5-billion to the JET IP in 2021.
The South African government has received additional pledges, worth nearly $3.5-billion, in support of its Just Energy Transition Investment Plan , increasing the overall envelope of concessional debt and grant funding to R11.9-billion.told the Presidential Climate Commission that Denmark and the Netherlands had combined their pledges with those of the International Partners Group of France, Germany, the UK, the US and the European Union, which committed $8.5-billion to the JET IP in 2021.
Meanwhile, Spain has made a $2.1-billion commitment outside of the IPG framework, $15-million of which will be in the form of grants. To date, €600-million had been advanced to the National Treasury from German development bank KfW and French development bank AfD in the form of a concessional policy loan and Dicks said about R600-million in grant funding had also been approved.
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