A gathering was held in Pretoria in the present day, 21 June 2022, between COP President Alok Sharma and a delegation of Ministers from the South African authorities together with the Minister within the Presidency, Mr Mondli Gungubele; the Minister of Worldwide Relations and Cooperation, Dr Naledi Pandor; the Minister of Finance, Mr Enoch Godongwana; the Minister of Forestry, Fisheries and the Setting, Ms Barbara Creecy; the Minister of Public Enterprises, Mr Pravin Gordhan; the Minister of Mineral Sources and Vitality, Mr Gwede Mantashe; and the Minister of Commerce, Trade and Competitors, Mr Ebrahim Patel.
This follows an engagement between the COP President and the Head of the Presidential Local weather Finance Activity Crew, Mr Daniel Mminele.
The assembly mirrored on the progress made since COP26 in advancing the Simply Vitality Transition Partnership (JETP) as a ground-breaking initiative to allow South Africa’s transition to a low carbon economic system and a local weather resilient society.
By means of the Political Declaration issued in November 2021 to ascertain this partnership, the UK along with the European Union, France, Germany, and america undertook to mobilise an preliminary quantity of $8.5 billion over the subsequent 3-5 years to assist the achievement of South Africa’s formidable Nationally Decided Contribution (NDC).
The COP President and Ministers welcomed the progress made so far in advancing this long-term partnership. They continued discussions on the financing devices to be supplied, with a view to making sure that the partnership meets the nation’s funding wants and aligns with its fiscal framework. They mentioned ongoing work on a South African- led Funding Plan, which can information the usage of funds. On this context, they famous that as momentum grows and enabling situations are created, there shall be appreciable curiosity from wider sources of finance.
Lastly, they underlined their shared dedication to a simply transition that protects affected employees and communities as a key precedence of the partnership, and to supporting alternatives for innovation and high quality jobs together with within the inexperienced hydrogen and electrical car sectors.
As dedicated to within the Political Declaration, the South African Presidential Local weather Finance Activity Crew (PCFTT) and the Worldwide Companions Group (IPG) have in the present day launched an in depth six-month replace to leaders on the development of the Partnership, which is hooked up beneath. This offers an summary of the work at the moment underway to take ahead the partnership in addition to key interim milestones resulting in COP27 in November 2022.
The replace outlines the progress that has been made in direction of the creation of an enabling coverage setting to assist South Africa’s NDC, together with the tabling of a Local weather Change Invoice in Parliament; reforms underway within the electrical energy sector; the finalisation of the Hydrogen Economic system Roadmap and the Renewable Vitality Masterplan; and the event of a simply transition framework by means of the Presidential Local weather Fee.
It additional particulars the steps which have been taken to ascertain governance and implementation buildings for the partnership, together with the appointment of an impartial technical secretariat led by Ms Joanne Yawitch and the upcoming institution of working teams specializing in the electrical energy, inexperienced hydrogen and transport sectors in addition to finance and implementation modalities.
Lastly, it confirms the dedication of the companions to finalise a complete Funding Plan in addition to to proceed discussions concerning the financing bundle to allow significant progress by COP27.
Hyperlink to the six-month leaders replace right here