South Africa’s efforts to shift towards a low emissions economy have been strengthened by the conclusion of the negotiations for a R7.6 billion loan for the implementation of the country’s Just Energy Transition Plan (JETP) by the Agence Française de Développement (AFD).
This innovative policy-based financing, the largest ever on AFD’s balance sheet, was developed in close collaboration with the JET Programme Management Unit (JET-PMU) in the Presidency and National Treasury to support the just dimensions of the Just Energy Transition (JET), maximising the social outcomes of the energy transition for local communities.
This loan builds on the €300 million public policy loan provided in 2022, bringing France’s total contribution to the JETP to €700 million out of the €1 billion pledged at COP26 ( United Nations Climate Change Conference) in Glasgow.
“The partnership with the AFD presents an opportunity for South Africa to make progress in addressing practical issues of jobs, skills, social support, and governance.
“National Treasury will continue working through the intergovernmental system to integrate JET into our fiscal policy choices. To succeed, coordination across all spheres of government is therefore critical,” National Treasury’s Head of Asset and Liability Management Mmakgoshi Lekhethe said on Thursday.
South Africa’s Just Energy Transition programme is designed to ensure that the livelihoods of communities that are tied to carbon-intensive energy sources, such as coal, are not left behind in the transition to a low-emission economy, and that the energy transition is fair.
A well-managed JET can be a strong driver for new jobs, social justice and poverty reduction as it emphasises the importance of embedding just transition outcomes in policy conditions.
“AFD’s JET public policy loan focuses on social equity and specifically targets support for the social dimensions of the transition, which includes job creation, poverty reduction, social justice and equitable access to electricity supply.
“In addition, the AFD Group is instrumental in providing technical cooperation and capacity building to South African institutions related to JET.
“The loan is linked to a set of policy reforms aimed at ensuring a just transition and AFD is putting a robust monitoring and evaluation framework in place to track the progress of these reforms,” a joint statement by the National Treasury and AFD Groupe said.
South Africa’s JET is supported by a strong governance and institutional framework that includes the Presidential Climate Commission (PCC), a dedicated JET-PMU, a comprehensive investment plan, underpinned by support from international partnerships with France and several other countries.
AFD’s Regional Director for Southern Africa and Country Director for South Africa Audrey Rojkoff said the AFD is working together with JET partners to strike a balance between South Africa’s energy needs and its climate commitments.
“Importantly, we are engaged in addressing the complexity around ensuring that the transition benefits all segments of society with careful planning and implementation. With high levels of commitment, we anticipate positive outcomes throughout the transitioning process,” the statement said. –SAnews.gov.za
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reno monarch
A South African, an Australian and an Englishman are all having a drink
The Englishman and South African both drink from Pint Glasses, the Australian from a bottle.
The South African, upon draining his glass, drops in back down on the bar, pulls out a pistol, and shoots the glass.
\”In South Africa, there is so much sand that I never drink from the same glass twice!\”
The Australian, having drained his bottle, sets it down upon the bar and, upon seizing the South African\’s pistol, shoots his bottle.
\”In Australia, there is so much booze that I never drink from the same brand twice!\”
The Englishman, likewise having drained his glass, sets his glass upon the table, seizes the pistol the pistol from the Australian, and shoots the South African and the Australian, quite dead.
\”In England, there are so many of you bastards that I never drink with the same two twice!\”
twiddle twix
There was a postman who is always happy. in the other side there is harry who would just stares at the happy postman everyday and asks himself \”What\’s the secret of this man\”.
One day Harry decided to stop the postman and ask him why he\’s always smiling and happy, what he did.
the postman answered:\”Whenever I\’m handing a mail to a women I kisses her and I get more than just a kiss sometimes.\”
Harry liked the idea and went to a poste office and proposed for the job then he got it . In his first delivery Harry was so excited try the kissing thing out, and as he thought, there was a hot women in front of the first door, he went directly towared her and pasted her a kiss staight in the lips, in the middle of that her husband suddenly appeared in front him and asked:\”WTF ARE YOU DOING.\”
\”I\’m just delivering a \’kiss\’ was sent from China\” Harry answered in a sporadic tone.
\”Very nice, you came on time, I want to send a \’Fuck\’ with you to South Africa\” the husband responded while draging Harry into the house.