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Global efforts to mitigate climate change are ramping up, with a rising numbers of countries, companies and financiers taking action to tackle climate change. At the same time, climate changes, such as temperature and weather changes, are increasing, with dramatic impacts on populations. These are having material impacts on the economy and society. In the short term, dealing with this transition has materialised primarily in a focus on the decarbonisation of the energy systems. In the medium to long term, this will extend to virtually all sectors and segments of society.

In this context, the just transition agenda has taken centre stage. It aims to lower the risks faced by the most affected and vulnerable stakeholders, such as working people, small businesses and low-income communities, while providing an opportunity to maximise the development of new opportunities and redress historical injustices.

Establishing a credible fact base is paramount for designing and implementing an evidence-based just transition. To allow easy access to a growing body of work on just transition, TIPS has curated relevant content into an open knowledge portal. This provides short summaries as well as key findings and recommendations from a diversity of reports, strategies, videos and podcasts. The knowledge portal focuses on South Africa but will be extended to other areas in the future.

The portal is a living initiative. Should you know of additional resources which could be added or spot any errors, please contact Lerato Monaisa at lerato@tips.org.za

Featured material

Just transitions and the green economy - navigating the fault lines

SUMMARY: The paper frames the Just Transition from a moral and business perspective. It assesses how much responsibility companies and organisations should have for the impact their clients have on

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National employment vulnerability assessment: analysis of potential climate change-related impacts and vulnerable groups

SUMMARY: The report provides a detailed analysis of the capacity of vulnerable communities, workers and businesses to adjust to climate change-related impacts in the coal, metals, transport-based petroleum, agricultural value

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Down to zero: The politics of Just Transition

SUMMARY: This book looks at the anticipated impact of climate change and the experiences of millions of people who are facing a climate disaster, focusing on Southern and South Africa.

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Unlocking a just energy transition for SA

SUMMARY: Professor Mark Swilling discusses the global renewable energy revolution, the public sector’s role in investment in renewables and how renewable energy has the potential to change social politics and

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Policy approaches to guide finance flows for more effective climate action in South Africa

  • Institution / Author: Harald Winkler, Samantha Keen and Andrew Marquard (SNAPF)
  • Year: 2021
  • Sectoral focus: Electricity
  • Thematic focus: Policy interventions / recommendations
  • Type of analysis: Stakeholder engagement
  • Type of document: Research report

SUMMARY: Finance is essential to implement effective climate action. A just transition requires transition finance as a component of finance for climate action - to protect the adequacy of energy supply and to mitigate negative economic, employment and social impacts during transition - supporting both an accelerated phasing-out of coal and development that sustains livelihoods in affected regions like Mpumalanga. The paper aims to contribute to better understanding of ways to quantity of international and domestic finance for climate action and shift the direction of investment in South Africa. The scope of the paper has South Africa as its geographical focus. It examines finance flows at the national scale and considers international dimensions only where relevant to the country. The scope in relation to policy is broad, it considers government policy instruments across national departments and local government, a finance and fiscal tool-kit, the governance and institutional landscape that enable and direct finance flows, and policies that can guide investments in development of human and institutional capacity.

KEY FINDINGS / RECOMMENDATIONS: The paper reports that government has adopted a definition of sustainable finance, and is working on a Green Finance Taxonomy for South Africa and climate budget tagging. In assessing initial bottom-up estimates of finance needs for both mitigation and adaptation, the paper finds that the overall cumulative investment requirement for mitigation ranges from R460-760 billion. It suggests several possible ways to increase the quantity of international and domestic finance for climate action and shift the direction of flows in South Africa. The government needs to engage more proactively with international climate finance providers to scale up adaptation finance. Aligning policy is critical to avoid incoherence. Greater co-ordination, clear policy signals - for both adaption and mitigation should be sent. Possible options for coordination have been described - horizontally across different constituencies, and also across line-functions in national government, as well as vertically, across spheres of government.

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