Presidency says progress being made to increase grant funding for Just Energy Transition …

The Presidency is exploring several avenues for increasing the grant component in the financing of South Africa’s Just Energy Transition Investment Plan (JET-IP), following broad-based stakeholder criticism about the limited nature of such funding in the initial $8.5-billion pledge made by various developed countries. The head of the Presidency’s JET-IP project management unit (PMU), Joanne Yawitch, reports that discussions are under way with multilateral funding institutions, philanthropic organisations and developed economy governments about additional grant allocations for JET-IP projects and that the details are currently being finalised.