Unlocking Private Sector Investment for Low-Carbon Transition in South Africa : Assessing Investment Climate for Climate Investments
Just energy transition is key to South Africa’s inclusive and sustainable growth. It is necessary to unlock large pools of private capital and attract foreign investment to drive low-carbon transition. Despite downside risks, South Africa has stron...
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World Bank, Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/en/426851614809793867/Unlocking-Private-Sector-Investment-for-Low-Carbon-Transition-in-South-Africa-Assessing-Investment-Climate-for-Climate-Investments http://hdl.handle.net/10986/35269 |
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okr-10986-352692021-04-23T14:02:19Z Unlocking Private Sector Investment for Low-Carbon Transition in South Africa : Assessing Investment Climate for Climate Investments World Bank INVESTMENT CLIMATE CLIMATE INVESTMENT CARBON TAX LOW-CARBON TRANSITION PRIVATE SECTOR INVESTMENT PRIVATE INVESTMENT CLIMATE RISK ENERGY SECTOR RENEWABLE ENERGY Just energy transition is key to South Africa’s inclusive and sustainable growth. It is necessary to unlock large pools of private capital and attract foreign investment to drive low-carbon transition. Despite downside risks, South Africa has strong macroeconomic fundamentals and commitment to improving the overall investment climate. Climate change poses considerable systematic risks, thus needs to be urgently integrated into macroeconomic policy and planning. Harness transition opportunity invest in resilient infrastructure and create market for low-carbon technologies to boost growth and strengthen the macro investment climate. Implement carbon tax effectively and raise policy ambition, supported by a fiscal framework conducive for climate investments, as well as invest tax revenues to support just transition. The current energy crisis presents an opportunity for sector reform, regulatory changes, and use of innovative financial solutions to promote low-carbon private sector investments. The World Bank has developed this discussion paper in response to the government of South Africa’s request to analyze ways in which private capital flows can be catalyzed and leveraged for low-carbon investments. The focus of this paper is on electricity generation sector and the industry sector. 2021-03-15T19:42:24Z 2021-03-15T19:42:24Z 2019-06 Report http://documents.worldbank.org/curated/en/426851614809793867/Unlocking-Private-Sector-Investment-for-Low-Carbon-Transition-in-South-Africa-Assessing-Investment-Climate-for-Climate-Investments http://hdl.handle.net/10986/35269 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Investment Climate Assessment Economic & Sector Work Africa Africa Eastern and Southern (AFE) South Africa |
| repository_type |
Digital Repository |
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Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
INVESTMENT CLIMATE CLIMATE INVESTMENT CARBON TAX LOW-CARBON TRANSITION PRIVATE SECTOR INVESTMENT PRIVATE INVESTMENT CLIMATE RISK ENERGY SECTOR RENEWABLE ENERGY |
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INVESTMENT CLIMATE CLIMATE INVESTMENT CARBON TAX LOW-CARBON TRANSITION PRIVATE SECTOR INVESTMENT PRIVATE INVESTMENT CLIMATE RISK ENERGY SECTOR RENEWABLE ENERGY World Bank Unlocking Private Sector Investment for Low-Carbon Transition in South Africa : Assessing Investment Climate for Climate Investments |
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Africa Africa Eastern and Southern (AFE) South Africa |
| description |
Just energy transition is key to South
Africa’s inclusive and sustainable growth. It is necessary
to unlock large pools of private capital and attract foreign
investment to drive low-carbon transition. Despite downside
risks, South Africa has strong macroeconomic fundamentals
and commitment to improving the overall investment climate.
Climate change poses considerable systematic risks, thus
needs to be urgently integrated into macroeconomic policy
and planning. Harness transition opportunity invest in
resilient infrastructure and create market for low-carbon
technologies to boost growth and strengthen the macro
investment climate. Implement carbon tax effectively and
raise policy ambition, supported by a fiscal framework
conducive for climate investments, as well as invest tax
revenues to support just transition. The current energy
crisis presents an opportunity for sector reform, regulatory
changes, and use of innovative financial solutions to
promote low-carbon private sector investments. The World
Bank has developed this discussion paper in response to the
government of South Africa’s request to analyze ways in
which private capital flows can be catalyzed and leveraged
for low-carbon investments. The focus of this paper is on
electricity generation sector and the industry sector. |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Unlocking Private Sector Investment for Low-Carbon Transition in South Africa : Assessing Investment Climate for Climate Investments |
| title_short |
Unlocking Private Sector Investment for Low-Carbon Transition in South Africa : Assessing Investment Climate for Climate Investments |
| title_full |
Unlocking Private Sector Investment for Low-Carbon Transition in South Africa : Assessing Investment Climate for Climate Investments |
| title_fullStr |
Unlocking Private Sector Investment for Low-Carbon Transition in South Africa : Assessing Investment Climate for Climate Investments |
| title_full_unstemmed |
Unlocking Private Sector Investment for Low-Carbon Transition in South Africa : Assessing Investment Climate for Climate Investments |
| title_sort |
unlocking private sector investment for low-carbon transition in south africa : assessing investment climate for climate investments |
| publisher |
World Bank, Washington, DC |
| publishDate |
2021 |
| url |
http://documents.worldbank.org/curated/en/426851614809793867/Unlocking-Private-Sector-Investment-for-Low-Carbon-Transition-in-South-Africa-Assessing-Investment-Climate-for-Climate-Investments http://hdl.handle.net/10986/35269 |
| _version_ |
1764482681422217216 |