Under the South Africa country programme, the OECD is implementing the Framework for Industry's Net-Zero Transition, which provides a step-by-step approach to assist South Africa in designing solutions for financing and improving the enabling conditions that can accelerate the decarbonisation of the steel sector. CEFIM will expand its activities to prop up the just energy transition in South Africa, notably through work on energy efficiency financing and clean energy financing models for MSMEs.
Clean Energy Finance and Investment Mobilisation in South Africa
The OECD Clean Energy Finance and Investment Mobilisation programme supports South Africa in its efforts to improve domestic enabling conditions to catalyse finance and investment for clean energy and industry decarbonisation.
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Our work in South Africa
The Framework for Industry's Net-Zero Transition in South Africa
The implementation of the Framework in South Africa aims to help to accelerate the net-zero transition of the industry sector, focussing on iron and steel. Its main objective is to identify enabling conditions and financing solutions that can stimulate the deployment of low-carbon technologies, in alignment with the priorities and needs of South Africa.
A Project Steering Committee (PSC) with line ministries and industry and banking associations has been established to co-ordinate and guide the Framework implementation. A Technical Advisory Committee (TAC) comprised of representatives from ministries and government agencies, industrial actors, financial institutions, international organisations and civil society organisations has been set up to review and provide insights to the OECD analysis.
The primary objectives of this meeting were to present the role of the TAC during the Framework's implementation, and discuss the priority areas to decarbonise South Africa's iron and steel sector.
The primary objectives of this meeting were to present possible case studies for the Framework implementation, and propose key parameters and outputs for the economic assessment of the selected technologies.
The objectives of this meeting were to review the key inputs and draft results of the economic assessments of two case studies (renewable hydrogen based steel production, and carbon capture and use), and inform the prioritisation of policy and financial levers that could help mobilise investment for these technologies.