https://www.engineeringnews.co.za
Africa|Building|Energy|Environment|Gas|Power|Projects|Renewable Energy|Renewable-Energy|Infrastructure|Operations
Africa|Building|Energy|Environment|Gas|Power|Projects|Renewable Energy|Renewable-Energy|Infrastructure|Operations
africa|building|energy|environment|gas|power|projects|renewable-energy|renewable-energy-company|infrastructure|operations

DBSA commits to playing its part in a just transition to net-zero emissions by 2050

3rd November 2021

By: Schalk Burger

Creamer Media Senior Deputy Editor

     

Font size: - +

Development finance institution (DFI) the Development Bank of Southern Africa (DBSA) says it will play an active role and provide finance for a just transition that achieves net-zero greenhouse-gas (GHG) emissions by 2050.

It will also not support new fossil fuel investments that are not part of a clear and unambiguous just transition plan to a decarbonised future, the DBSA notes in a statement.

"This commitment extends to adopting activities and initiatives that contribute towards the global target to drive GHG emissions to net zero, while building a fairer and more inclusive economy for women, marginal communities and managing the impact on those workers negatively affected by the move away from affected sectors," it adds.

The DBSA is developing an integrated sustainability approach. The DBSA’s approved Integrated Just Transition Investment Framework will incorporate its net-zero pathway, which will include details of the DBSA's net-zero GHG emissions targets across its total investment and loan portfolios.

This is in alignment with the South African government's net-zero targets, as detailed in the Nationally Determined Contribution, the DBSA points out.

"Our strategy and operations are guided by international sustainability policy positions, including global commitments made by the South African government, national economic and sustainability policy positions, the DBSA’s mandate and sector focus, the DBSA’s climate policy frameworks, our Green Bond framework, as well as the infrastructure development needs in the region.

“As a leading DFI in the region, the DBSA is well placed to ensure that a transition to a net-zero target is a just transition," it says.

The DBSA has, over the past years, made a concerted effort to address climate change and contribute to the broader low-carbon aspirations of South Africa and the rest of Africa by supporting and investing in initiatives aimed at climate change mitigation and adaptation.

The DBSA was instrumental in the development of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) by funding the establishment and administration of the Independent Power Producer Office, resulting in investments thus far of more than R200-billion and the creation of 50 000 jobs in the REIPPPP, it notes.

The DBSA, through its accreditation to the Global Environment Facility and the Green Climate Fund, has implemented innovative programmes that support the transition to a low-carbon economy.

The Climate Finance Facility is a lending facility established to encourage private sector investment in climate-related projects in Southern Africa and the Embedded Generation Investment Programme, a facility that supports embedded generation renewable energy projects in South Africa, the DBSA highlights.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Hanna Instruments Image
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 
Actom image
Actom

Your one-stop global energy-solution partner

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.101 0.153s - 181pq - 2rq
Subscribe Now