popular articles

Agreement to Finance South Africa’s Energy Transition

Please share:

Germany, the United States, France, the United Kingdom and the European Union have signed this “international partnership for a just energy transition” with Johannesburg.

$8.5 billion for South Africa’s energy transition

“It will mobilize an initial commitment of $8.5 billion for the first phase of financing, through various mechanisms including grants, concessional loans, investments and risk-sharing instruments, notably to involve the private sector,” the parties said in a statement.
These sums are to be provided “over the next three to five years”.

Electrical system transformation

The agreement, which includes a technical assistance component, will focus in particular on transforming the country’s electricity system, which is currently heavily dependent on coal, “to help the country achieve the ambitious emissions targets” that Johannesburg set before the COP in its new “national contribution,” the instrument by which countries commit to the Paris Agreement.

“Climate change is an existential threat to us all, and South Africa is committed to doing its part to reduce global emissions. This partnership is a turning point (…) proof that we can take ambitious action for the climate while increasing our energy security, creating jobs and taking advantage of investment opportunities, with the support of developed countries,” enthused South African President Cyril Ramaphosa.

Register free of charge for uninterrupted access.

Publicite

Recently published in

The UK Maritime Trade Operations (UKMTO) reported that a ship was struck by an unidentified projectile in the Red Sea, near the Yemeni coast. The crew is safe and the attack occurs amid increased regional tensions.
The Turkish mission to explore hydrocarbons in Somalia strengthens Turkey's energy and geopolitical strategy while offering significant economic prospects for Somalia.
The Turkish mission to explore hydrocarbons in Somalia strengthens Turkey's energy and geopolitical strategy while offering significant economic prospects for Somalia.
The Ukrainian army claims to have struck the main oil terminal in Crimea, causing a fire. This attack is part of a series of actions aimed at disrupting the logistics of Russian forces controlling part of Ukraine.
The Ukrainian army claims to have struck the main oil terminal in Crimea, causing a fire. This attack is part of a series of actions aimed at disrupting the logistics of Russian forces controlling part of Ukraine.
The authorities in eastern Libya announced the lifting of the force majeure on oil sites. This decision marks the end of a blockade imposed in August, linked to a crisis surrounding the Central Bank, allowing for the resumption of energy exports.
The authorities in eastern Libya announced the lifting of the force majeure on oil sites. This decision marks the end of a blockade imposed in August, linked to a crisis surrounding the Central Bank, allowing for the resumption of energy exports.
Gabon has filed a request before the International Court of Justice (ICJ) to assert its sovereignty over three oil-rich islets, contested by Equatorial Guinea, marking a new stage in their long-standing territorial dispute.
The ports of Hodeidah and Ras Isa in Yemen have been hit by Israeli airstrikes, disrupting regional maritime transport and exacerbating geopolitical tensions in a key area for global oil supply.
The ports of Hodeidah and Ras Isa in Yemen have been hit by Israeli airstrikes, disrupting regional maritime transport and exacerbating geopolitical tensions in a key area for global oil supply.
Gabon and Equatorial Guinea have been at odds over three islets since the 1970s. The International Court of Justice (ICJ) has been called upon to determine the applicable legal documents in this high-stakes dispute with major economic and strategic implications.
Gabon and Equatorial Guinea have been at odds over three islets since the 1970s. The International Court of Justice (ICJ) has been called upon to determine the applicable legal documents in this high-stakes dispute with major economic and strategic implications.
The presidency of COP29 in Baku, led by Azerbaijan, is focused on transforming the commitments made during COP28 into actionable goals, with a strong emphasis on climate finance, energy transition, and multilateral cooperation to strengthen global decarbonization.
The presidency of COP29 in Baku, led by Azerbaijan, is focused on transforming the commitments made during COP28 into actionable goals, with a strong emphasis on climate finance, energy transition, and multilateral cooperation to strengthen global decarbonization.
Moscow is ramping up pressure on the investigations into the Nord Stream pipeline explosions, accusing Germany, Denmark, and Sweden of not meeting their obligations under international conventions.
JETP, a G7-backed initiative, promises to finance the energy transition of developing nations. However, financing delays and structural obstacles are holding back the achievement of climate goals in countries such as South Africa, Indonesia, Vietnam and Senegal.
JETP, a G7-backed initiative, promises to finance the energy transition of developing nations. However, financing delays and structural obstacles are holding back the achievement of climate goals in countries such as South Africa, Indonesia, Vietnam and Senegal.
Multilateral banks and the UN are stepping up their efforts to mobilize long-term financing, with the aim of closing the Sustainable Development Goals (SDGs) gap by 2030.
Multilateral banks and the UN are stepping up their efforts to mobilize long-term financing, with the aim of closing the Sustainable Development Goals (SDGs) gap by 2030.
The G20 approves an IEA guide to support energy innovation in emerging economies, by proposing policies adapted to energy transitions.
The G20 approves an IEA guide to support energy innovation in emerging economies, by proposing policies adapted to energy transitions.
BlackRock's acquisition of a 20% stake in Naturgy, a key energy company in Spain, raises crucial issues about the energy transition and the concentration of foreign ownership in strategic sectors. This dynamic deserves particular attention.
The interdependence between the Western and Russian nuclear industries raises major concerns, especially in the context of economic sanctions. This report highlights the challenges and costs involved in reducing this dependence, prompting further reflection.
The interdependence between the Western and Russian nuclear industries raises major concerns, especially in the context of economic sanctions. This report highlights the challenges and costs involved in reducing this dependence, prompting further reflection.
Ukraine and Moldova are facing a critical winter due to the destruction of their energy infrastructures. The International Energy Agency is calling for urgent action to guarantee their energy security in the face of unprecedented challenges.
Ukraine and Moldova are facing a critical winter due to the destruction of their energy infrastructures. The International Energy Agency is calling for urgent action to guarantee their energy security in the face of unprecedented challenges.
Iran, a key player in the global energy sector, is facing growing tensions over its nuclear program. Teheran's declarations on the transparency of its activities raise crucial questions about the future of international negotiations and regional security.
Iran, a key player in the global energy sector, is facing growing tensions over its nuclear program. Teheran's declarations on the transparency of its activities raise crucial questions about the future of international negotiations and regional security.
The UK launches the Global Clean Power Alliance to help countries move away from fossil fuels and towards renewable energy. The initiative aims to strengthen climate diplomacy and support emerging economies in their energy transition.
Pertamina, the Indonesian oil company, is exploring supplies of Russian crude, raising hopes among refiners in Thailand and Japan. This dynamic could disrupt light crude prices in Southeast Asia, prompting increased vigilance.
Pertamina, the Indonesian oil company, is exploring supplies of Russian crude, raising hopes among refiners in Thailand and Japan. This dynamic could disrupt light crude prices in Southeast Asia, prompting increased vigilance.
Turkey strengthens its position in the energy market by signing a 10-year agreement with TotalEnergies for the import of liquefied natural gas. This initiative aims to diversify supplies and become a regional hub for Europe.
Turkey strengthens its position in the energy market by signing a 10-year agreement with TotalEnergies for the import of liquefied natural gas. This initiative aims to diversify supplies and become a regional hub for Europe.
The case between Rosneft and Shell over the sale of the latter's stake in the PCK Schwedt refinery illustrates the growing tensions in the European energy sector, exacerbated by the current geopolitical context and sanctions against Russia.
The case between Rosneft and Shell over the sale of the latter's stake in the PCK Schwedt refinery illustrates the growing tensions in the European energy sector, exacerbated by the current geopolitical context and sanctions against Russia.
Azerbaijan has positioned itself as a key player in the fight against climate change by launching the Climate Finance Action Fund at COP29. This initiative aims to mobilize resources for decarbonization and the global energy transition.
Central Asia, in search of new partnerships, is turning to Germany to develop trade and energy corridors. This dynamic, in the face of current geopolitical challenges, could transform the region into a key player on the international stage.
Central Asia, in search of new partnerships, is turning to Germany to develop trade and energy corridors. This dynamic, in the face of current geopolitical challenges, could transform the region into a key player on the international stage.
The debate over the taxation of Chinese electric cars is intensifying, with growing tensions between the European Union and China. Key players are calling for a negotiated solution to avoid a trade war harmful to both economies.
The debate over the taxation of Chinese electric cars is intensifying, with growing tensions between the European Union and China. Key players are calling for a negotiated solution to avoid a trade war harmful to both economies.
Recent U.S. tariff increases on Chinese imports, affecting a variety of sectors, are raising concerns about their economic impact. This article explores the implications of these decisions on trade relations and the global economy.
Recent U.S. tariff increases on Chinese imports, affecting a variety of sectors, are raising concerns about their economic impact. This article explores the implications of these decisions on trade relations and the global economy.

Advertising