International Financing: a facilitator to the South African energy transition in post-covid19 recovery

context

South Africa is one of the most carbon-intensive economies in the world, contributing more than one percent of global Greenhouse Gas (GHG) emissions despite its proportionately smaller population and gross domestic product (GDP). The energy sector accounts for the bulk of these emissions: More than 80 percent of the sector’s emissions result from the production of coal fired power and coal liquification.

With the global evolution of pricing of low-carbon technology, the global energy transition is already underway and is driving fundamental changes even in South Africa. The amount of capital required to transition the energy system is very large, thus all the economic and financial instruments that can contribute must be taken advantage of. International finance institutions have a variety of instruments to accompany partner countries in its energy transition efforts. How are these employed in the South African context?

objectives

1
Advance the discourse on the financing of the local transition
2
Gain an appreciation for the support available from international finance institutions to accompany the transition, and how these can be taken advantage of.

The Event

  • Open to all interested parties. Recording will be made accessible only to
  • SAAEE members after the event.
  • Date: 23 July 2020 ; 15h30 – 17h00
  • Webinar format
  • Chair/Host: SAAEE
  • Presentations followed by discussion and Q/A with audience

MODERATOR

Professor Inglesi-Lotz is an Associate Professor of Economics at the Department of Economics at University of Pretoria, South Africa, as well as the founding and current President of the South African Association for Energy Economics (SAAEE).

Speaker profile

Chantal Naidoo is a director of a South African energy transitions programme funded by the European Climate Foundation. Her past work includes public and private finance experiences in South Africa and abroad. She holds a PhD from the Science Policy Research Unit (SPRU) at the University of Sussex. Her research relates to the role of financial systems in sustainability transition processes, national development banks, financing strategies for climate action and rethinking finance theories for sustainability.

Olivier Grandvoinet is a Project Manager in the Energy Division at the Agence Française de Développement (AFD), Paris, where he has made significant contributions to the development of AFD’s climate change strategy and carbon footprint tool. Between 2015 and 2018, he was in charge of the Infrastructure and Climate Change unit in AFD’s Regional Office in Johannesburg, before returning to Paris in 2019. He is a graduate of the Ecole Polytechnique and holds a Masters degree in Environmental Science from Imperial College, London.

Sarah McPhail is a Director in the Financial Sector Policy unit at National Treasury, South Africa. She is leading the process to take forward the recommendations and develop and Action Plan for sustainable finance, focussing initially on climate finance. She has been with the Treasury over 12 years in various divisions and roles including review of development finance institutions; oversight of regional water utilities, and budget allocations to the Department of Water and Sanitation and Department of Cooperative Governance, and policy analysis in the urban development and infrastructure unit. She represents the National Treasury on various committees such as ecological infrastructure for water security, natural capital accounting, and outcomes-based contracting.

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