SA’s R1.5 trillion Just Energy Transition Investment Plan unpacked

November 9, 2022 0 By Cypher9ja

South Africa’s R1.5 trillion Just Energy Transition Investment Plan (JET IP) unveiled at COP27 can be used as a model for other carbon-intensive developing countries to follow. This will be helpful as developing countries have already indicated, at the beginning of the meeting, that they need help from rich countries to stop using fossil fuels. The plan seemed very vague when President Cyril Ramaphosa released it on 4 November, for public comment. But the complete plan given to the International Partners Group (IPG) not only clearly outlines how South Africa will apply the $8.5bn (R128 billion) pledged by the IPG…