SOUTH AFRICA’S JUST ENERGY TRANSITION INVESTMENT PLAN (JET IP)

In order to fulfill the ambitious goals of decarbonization, the South African government created the Just Energy Transition Investment Plan (JET IP) for the five-year period 2023–2027, which outlines the scope of the requirement and the investments necessary. 

The JET IP is consistent with both South Africa’s Long-Term Low-Emissions Development Strategy (LEDS), which was submitted to the UNFCCC in 2020, and the country’s updated Nationally Determined Contribution (NDC), which was filed with the United Nations Framework Convention on Climate Change (UNFCCC) prior to its 26th Conference of the Parties (COP 26) in Glasgow in November 2021. By 2030, the nation must reduce its emissions to a level that falls between 420 and 350 megatons carbon dioxide equivalent (MtCO2-eq).

South Africa has created the JET IP to specify its priority investment requirements for the next five years in the electricity, NEVs, and GH2 sectors, in order to meet the objectives of energy security, just transition, and economic growth. Within these sectors, just transition initiatives (especially those resulting from the transition of the electrical sector in the province of Mpumalanga) are elaborated, and two cross-cutting targets for skill development and municipal capacity have been recognized as essential elements of the JET IP. 

This table provides a summary of the JET IP funding requirements where companies can identify opportunities relevant to their specific technologies as the government rolls out its JET IP.
 

                                  JET IP funding requirements per sector, 2023–2027 

• Read the full document on South Africa’s JET IP.

For more information contact: U.S. Commercial Service; U.S. Embassy-South Africa by email Office.Johannesburg@trade.gov or by phone: +27 11 290 3192. Other energy interests: Mlamli Mjambana at Mlamli.Mjambana@trade.gov.