South Africa Just Energy Transition Investment Plan

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The South Africa Just Energy Transition Investment Plan (JET-IP) is a $8.5bn deal to help South Africa (ZA) decarbonise its economy, struck at COP26 in 2021. [1] [2] This Just Energy Transition Partnership is a cooperation between the governments of ZA, France, Germany, the United Kingdom, the United States and the European Union. [3] It aims to help South Africa achieve the goals set out in its nationally determined contribution to the Paris Agreement, and prevent emissions of 1 to 1.5 gigatonnes of greenhouse gas emissions. [4] The South African JETP was a model for a subsequent similar agreement on coal power in Indonesia, known as the Indonesia Just Energy Transition Partnership.

Alongside the main JETP, there are two other international agreements to accelerate the retirement of coal power plants in South Africa. The others are:

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Eskom Hld SOC Ltd or Eskom (Afrikaans: Elektrisiteitsvoorsieningskommissie) is a South African electricity public utility. Eskom was established in 1923 as the Electricity Supply Commission (ESCOM). Eskom represents South Africa in the Southern African Power Pool. The utility is the largest producer of electricity in Africa, and was among the top utilities in the world in terms of generation capacity and sales. It is the largest of South Africa's state owned enterprises. Eskom operates a number of notable power stations, including Matimba Power Station and Medupi Power Station in Lephalale, Kusile Power Station in Witbank, Kendal Power Station, and Koeberg Nuclear Power Station in the Western Cape Province, the only nuclear power plant in Africa.

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<span class="mw-page-title-main">Medupi Power Station</span> Power station in South Africa


Medupi Power Station is a dry-cooled coal-fired power station built by Eskom near Lephalale in Limpopo province, South Africa. The station consists of 6 generating units with a nameplate capacity of 800 MW each bringing the total installed capacity of 4,800 MW.

<span class="mw-page-title-main">Camden Power Station</span>

Camden Power Station in Mpumalanga, South Africa, is a coal-fired power plant operated by Eskom.

Komati Power Station, is a coal-fired power plant operated by Eskom. Its 300 metre tall chimney was built in 1979, and is one of the tallest structures in the country. Komati is one of power stations with a common steam range, meaning that its nine boilers jointly feed the nine generators. Other stations are Tutuka Power Station and Matimba Power Station.

Majuba Power Station between Volksrust and Amersfoort in Mpumalanga, South Africa, is a coal-fired power plant operated by Eskom. Majuba is Eskom's only power station that is not linked to a specific mine and it receives its coal from various sources. This was due to an error during Apartheid times in geotechnical engineering core drilling which did not identify that the proposed local coal mine was under solid bedrock.

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<span class="mw-page-title-main">Kusile Power Station</span> Largest Dry-cooled coal-fired power plant in the world

Kusile Power Station in South Africa is a coal-fired power plant by state electricity utility Eskom in Mpumalanga. The station consists of 6 generating units with an eventual nameplate capacity of 800 MW each bringing the total installed capacity of 4,800 MW.

<span class="mw-page-title-main">Renewable energy in South Africa</span>

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Green recovery packages are proposed environmental, regulatory, and fiscal reforms to rebuild prosperity in the wake of an economic crisis, such as the COVID-19 pandemic or the Global Financial Crisis (GFC). They pertain to fiscal measures that intend to recover economic growth while also positively benefitting the environment, including measures for renewable energy, efficient energy use, nature-based solutions, sustainable transport, green innovation and green jobs, amongst others.

<span class="mw-page-title-main">Climate change in South Africa</span> Emissions, impacts and responses of South Africa related to climate change

Climate change in South Africa is leading to increased temperatures and rainfall variability. Evidence shows that extreme weather events are becoming more prominent due to climate change. This is a critical concern for South Africans as climate change will affect the overall status and wellbeing of the country, for example with regards to water resources. Just like many other parts of the world, climate research showed that the real challenge in South Africa was more related to environmental issues rather than developmental ones. The most severe effect will be targeting the water supply, which has huge effects on the agriculture sector. Speedy environmental changes are resulting in clear effects on the community and environmental level in different ways and aspects, starting with air quality, to temperature and weather patterns, reaching out to food security and disease burden.

<span class="mw-page-title-main">Renewable Energy Independent Power Producer Procurement Programme</span> South African government electricity generation initiative

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The Indonesia Just Energy Transition Partnership is a 20 billion dollar agreement to decarbonise Indonesia's coal-powered economy, launched on 15 November 2022 at the G20 summit. It comes after the first such agreement, the South Africa JET-IP was announced in 2021 as a partnership with Germany, France, the UK and US. The agreement with Indonesia involves all G7 countries as partners, including Canada, Italy and Japan. It also includes Denmark and Norway. The JETP aims to develop a comprehensive investment plan to achieve Indonesia's decarbonisation goals.

A Just Energy Transition Partnership (JETP) is a financing cooperation mechanism to help a heavily coal-dependent emerging economy make a just energy transition away from coal.

References

  1. van Diemen, Ethan (2022-11-12). "DISPATCH FROM COP27: What the world is learning from South Africa's nascent Just Energy Transition Investment Plan". Daily Maverick. Retrieved 2022-11-14.
  2. Ghazi, Saarah (2022-11-08). "Unpacking South Africa's R1.5trn JET IP unveiled at COP27". Oxford Economics. Retrieved 2022-11-14.
  3. EC (7 November 2021). "Joint Statement: South Africa Just Energy Transition Investment Plan". European Commission – European Commission. Retrieved 2022-11-14.
  4. "France, Germany, UK, US and EU launch ground-breaking International Just Energy Transition Partnership with South Africa". European Commission - European Commission. 2 November 2021. Retrieved 2023-07-19.
  5. 1 2 "Factsheet: Eskom Just Energy Transition Project in South Africa". World Bank. Retrieved 2023-07-19.