Cabinet approved the JET implementation plan, which will guide South Africa’s transition to low carbon economy through the scaling up of renewable energy sources. Three priority areas to support the economy of the future has been identified, being, electricity sector, New Energy Vehicles (NEV) and Green Hydrogen. The Investment Plan supports South Africa’s goal of achieving a low carbon economy and a climate resilient society through the following interventions
The JET IP sets out a number of interventions South Africa needs and investments required the country to transition to a low carbon and climate resilient economy in line with the National Determined Contributions presented to the United Nations. The JET IP will be driven by a combination of reforms in the energy sector including the Mpumalanga Just Transition, New Energy Vehicles and Green Hydrogen, among others.
The plan further responds to South Africa’s commitments under the Paris Agreement and United Nations Framework Convention on Climate Change as well as NDP commitments. The Jet IP will enable South Africa to gradually meet its carbon emissions reduction commitments while at same time, it will ensure inclusive economic growth, energy security and employment.
The full extent of the JET IP is available on the following link, and Annexure B contains the – electricity sector modelling assumptions and technical analysis, and Eskom jet project pipeline