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Key messages for the side event on unpacking South Africa’s just energy transition Implementation Plan (IP) delivered by Minister Barbara Creecy at the UNFCCC COP28 in Dubai, UAE
04 December 2023
The approval by Cabinet of the Implementation Plan is another milestone in South Africa’s commitment to a Just Energy Transition.
Our commitment to implementing a long-term and well managed transition to a low carbon economy at a pace and scale that is appropriate to our national circumstances and developmental needs is now concretised in the Implementation Plan which is based on the Investment plan and importantly on the outcomes of the consultative process run by the Presidential Climate Commission with stakeholders in the first quarter of this year.
The Implementation Plan is a further indication of our long-standing and unwavering commitment to addressing climate change.
The Implementation plan is structured to support not only our decarbonisation ambitions, but also our foremost task of reducing poverty inequality and unemployment.
It proposes a set of institutional structures and mechanisms that will allow for co-creation and in taking it forward we will move from consultation to participation and co-creation.
The implementation plan aims to bring transparency into the climate finance space and proposes mechanisms such as grants register for the JET and a funding platform to match available funds to projects.
It commits us to support the development of capacity at community and worker level to build the projects and initiatives that will ensure that the benefits of the Just Transition are felt by those most affected and it aims to direct resources and funding to the infrastructure and initiatives that would have the most impact and ensure the greatest spread of benefit.
Last but not least, the plan seeks to maximise the opportunities for economic growth through diversification and green industrialisation and through that ensure that this transition is one that has demonstrable positive impact to our country.
I thank you