Policy uncertainty could lead to future energy transition funding gap in South Africa – report

A new study that assesses the investments required to achieve electricity security in South Africa by 2050 while also meeting the country’s decarbonisation goals has reaffirmed that the least-cost way of meeting the two objectives would be by pursuing a so-called ‘green industrialisation pathway’ – one where up to 85% of South Africa’s electricity is generated from renewable energy, supported by flexible gas, as well as battery and pumped-hydro storage. Produced by the Development Bank of Southern Africa (DBSA), the Presidential Climate Commission (PCC), the National Planning Commission (NPC), and the National Treasury-linked Southern Africa Toward Inclusive Economic Development programme, the report is titled ‘South Africa’s Energy Sector Investment Requirements to Achieve Energy Security and Net Zero by 2050’.