Just Energy Transition 2024: Investing in the future

10th May 2024 By: Creamer Media Reporter

Just Energy Transition 2024: Investing in the future

Amid the global transition from fossil fuels to renewable sources, Creamer Media’s ‘Just Energy Transition 2024: Investing in the future’ report underscores the urgent need for this shift to be fair and equitable, ensuring all stakeholders share in both costs and benefits. South Africa's heavy reliance on coal necessitates a commitment to lower emissions driven not only by international obligations but also by domestic concerns, including the looming threat of severe temperature increases. However, achieving this transition presents significant challenges.

The report contextualises the Just Energy Transition in the context of South Africa's persistent electricity supply deficit, which has led to severe loadshedding in recent years, potentially impeding the move away from coal-fired electricity. Despite the government’s draft Integrated Resource Plan 2023 indicating a rapid increase in renewable energy deployment through public and private procurement, coal will continue to play a significant role in electricity generation.

Delving into the intricacies of South Africa's electricity sector, the report highlights the pivotal role of independent power producers, renewable-energy programmes, and the necessity for restructuring and legislative changes. Additionally, it examines how the energy transition intersects with other sectors such as mobility and mining, emphasising the importance of employment and skills development in facilitating a just transition. The report offers valuable insights into the challenges, opportunities and potential benefits associated with a just energy transition.

This research draws from material published over the past 12 months and is a summary of sources of information published in Engineering News and Mining Weekly, as well as of other information available in the public domain.

This report does not purport to provide an analysis of market trends. The information in this report is correct as of April 2024.