President Cyril Ramaphosa says the initial $8.5-billion to be mobilised over the next three to five years in support of South Africa’s just transition to a low-carbon economy, will facilitate the implementation of the country’s ambitious emission-reduction goals and develop a model for a just transition that could be used elsewhere. In a message to the COP26 Energy session held on November 4, Ramaphosa reiterated that South Africa required support to achieve its Nationally Determined Contribution targets, which would involve South Africa transforming its coal-dependent energy system at “unprecedented speed and scale”.
