South Africa’s energy transition involves the decommissioning of its highly polluting, centralised energy system (what we are transitioning out of) and the creation of a new green economy powered by renewable energy (what we are transitioning into).
This transition has implications for patterns of ownership and employment. Who gains, and who loses, is a social justice issue. Thousands of livelihoods depend on the coal sector – how can these livelihoods be protected? And how can an inclusive green economy be built? What roles can the private sector play – in particular to fund this?
These questions are investigated in the second of three reports ‘Funding social justice in the energy transition’ released by the Africa Climate Foundation (ACF) and produced by Intellidex. The series looks at achieving the scale in our Transition that is required, particularly through a financing lens. The first report looked at reforms needed to achieve scale for a broad range of funding needs including mitigation.
A webinar took place in March 2023 in which the above was discussed – view here.