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Treasury to Include Just Transition in Budget Planning

SOUTH AFRICA
  • As part of measures to transition South Africa to a low-carbon economy Treasury has committed to integrate the just transition imperative in its national fiscal framework and budget planning process, Transport Minister Fikile Mbalula says at Presidential Climate Commission conference.
    • Transition will require large-scale shifts within domestic financial system to mobilize public and private capital, including strengthening regulation, partnering with public sector for delivery and attracting capital into new markets
    • As part of transition, details on plans to rollout electric-vehicle charging stations to be announced soon
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  • As part of measures to transition South Africa to a low-carbon economy Treasury has committed to integrate the just transition imperative in its national fiscal framework and budget planning process, Transport Minister Fikile Mbalula says at Presidential Climate Commission conference.
    • Transition will require large-scale shifts within domestic financial system to mobilize public and private capital, including strengthening regulation, partnering with public sector for delivery and attracting capital into new markets
    • As part of transition, details on plans to rollout electric-vehicle charging stations to be announced soon