Draft Paper on Mechanisms to Finance Just Transition

The Presidential Climate Commission has released a draft paper on mechanisms to channel finance into just transition projects, and is asking you to comment.

Comments can be emailed to [email protected] by no later than Wednesday, 24 January 2024

Find here: Draft Paper on Mechanism to Finance Just Transition

Learn more about the Presidential Climate Change Commission: https://www.climatecommission.org.za/

This report was commissioned by the PCC to assess the challenges related to the financing of just transition projects, the existing financial architecture and ecosystem, and to subsequently provide options for a Just Transition Financing Mechanism. This report has been redrafted through a number of iterations, after two public consultations, a focus group discussion on just transition tagging and several bilateral engagements with institutions which are currently operating in the wider ecosystem of South Africa’s development finance sector and the private capital and financial markets. In particular, the PCC has been aware of the need to ensure alignment with the project management unit (PMU)’s mandate as it relates to implementing the Just Energy Transition Investment Plan (JET-IP), ensuring that all recommendations are consistent with the need to implement solutions urgently while envisioning a future system that allows for effective on-going success in developing, funding and implementation of just transition projects. This report is a product of the PCC’s considered and consulted view on imperatives for a Just Transition Financing Mechanism