Cape Town – South Africa’s Cabinet has given the green light to the Just Energy Transition Implementation Plan (JET IP), marking a significant step towards the country’s shift to a low carbon economy. This plan prioritizes the development of renewable energy sources, aligning with the National Determined Contributions pledged to the United Nations.
Minister in The Presidency Khumbudzo Ntshavheni, during a post-Cabinet media briefing on Monday, emphasized that the JET IP reflects South Africa’s dedication to a just transition that caters to the nation’s energy requirements. The plan encompasses a range of reforms in the energy sector, including the Mpumalanga Just Transition, initiatives for new energy vehicles, and green hydrogen projects.
Ntshavheni highlighted that the JET IP aligns with South Africa’s commitments under the Paris Agreement and the United Nations Framework Convention on Climate Change, as well as the National Development Plan (NDP) goals. The implementation of this plan is expected to enable South Africa to progressively meet its carbon emissions reduction targets while promoting inclusive economic growth, energy security, and job creation.
Cabinet Approves Funds to Combat Illegal Mining and Other Crimes
In addition to the JET IP, the Cabinet has authorized the allocation of funds from the Criminal Asset Recovery Account to combat illegal mining and other crimes. A total of R2 172 359 has been earmarked to address the ongoing challenge of illicit mining, which poses a significant threat to South Africa’s economy.
According to South African Government News Agency, the funds will be distributed among the South African Police Service (SAPS), South African National Defence Force (SANDF), Department of Home Affairs, and Border Management Agency. The SAPS plans to utilize the funding for acquiring vehicles, helicopters, nyalas, and deploying over 4000 officers for 18 months. This strategic allocation aims to curb the substantial financial losses caused by illegal mining and other organized crimes, which adversely affect South Africa’s position as an attractive investment destination.
Publication of the South African National Petroleum Company Bill
The Cabinet has also greenlighted the publication of the South African National Petroleum Company (SANPC) Bill for public commentary. This bill is pivotal in the Cabinet’s decision to merge PetroSA, South African Gas Development Company (iGas), and the Strategic Fuel Fund.
The SANPC Bill outlines the formation of a state-owned entity to bolster South Africa’s active participation in oil and gas development, ensuring energy security to support economic growth. Ntshavheni noted that the SANPC will oversee the strategic planning, coordination, and governance of the nation’s petroleum resources, contributing significantly to development and job creation.
Gazetting of Draft National Public Transport Subsidy Policy
Furthermore, the Cabinet approved the Gazetting of the draft National Public Transport Subsidy Policy for public input. This policy proposes a transition in South Africa’s public transport funding from subsidizing specific transport modes to a user-subsidy model, recognizing the vital role of the transport sector in national development and the reliance of most households on public transport for mobility.
Hosting of African Peer Review Mechanism Celebrations
Lastly, Cabinet supported South Africa’s hosting of the 20th anniversary celebrations of the African Peer Review Mechanism (APMR) from November 23 to 30, 2023. The Minister affirmed South Africa’s support for the APRM’s mission to promote democratic governance and inclusive development in Africa. The event will feature the participation of current and former Heads of State and government, along with the African Union Commission.