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Launch: Just Transition Transaction Framework: A First Iteration

Presentations

A  Framework For Financing Investments in A Just Transition - Sandy Lowit, TIPS Research Fellow

A Transition for Whom? - Anda David, Senior Researcher Agence Francaise de Development (AFD)

Research

Full Report with Annexures: A Just Transition Transaction Framework:  A Framework for Financing Investments in a Just Transition

This report has been made possible by the support of the African Climate Foundation and the European Climate Foundation.

Media

TIPS sets out to create a South Africa-focused Just Transition Transaction Framework - Engineering News 21 August 2023

Launch

Opening - Gaylor Montmasson Clair, Senior Economist, TIPS

Welcome - by Shameela Soobramoney, CEO, National Business Initiative (NBI)

A Just Transition Transaction Framework: A First Iteration - Sandy Lowitt, Research Fellow, TIPS

Challenges and Questions faced by the Project Management Unit in the possible future allocation of JETP funding - Neil Cole, JEPT Project Management Unit

Insights on project and investment selection taking social outcomes into account - Anda David, Senior Researcher, AFD

Anglo American’s Approach to the Just Energy Transition - Hermien Botes Head of Sustainability Relations Anglo American

Presentations

A  Framework For Financing Investments in A Just Transition - Sandy Lowit, TIPS Research Fellow

A Transition for Whom? - Anda David, Senior Researcher Agence Francaise de Development (AFD)

Research

Full Report with Annexures: A Just Transition Transaction Framework:  A Framework for Financing Investments in a Just Transition

This report has been made possible by the support of the African Climate Foundation and the European Climate Foundation. 

Background

The South African Just Transition Financing discourse has been dominated by issues of global north and local private sector fund mobilisation and the unlocking of existing funding commitments. More recently, researchers and decision makers have been thinking about the deployment of such funds (when and if) they begin to flow. Just Transition fund deployment will require decision making about capital allocation to projects and investments. In order to achieve this, decision-makers will need to have a method by which to test what will constitute a Just Transition Transaction and how to rank just transition transactions against each other.

The launch of TIPS’s research on a Just Transition Transaction Framework: A First Iteration introduced the content of the framework and the process for improving the framework overtime through learning by doing and evidence collection and analysis. The first iteration of the framework will be continuously improved through testing, evidence gathering and analysis and further iterations will be developed to increase acceptability and applicability with an evolving set of stakeholders. TIPS events bring together academics, policymakers, civil society organisations, workers, and practitioners to discuss important issues and share ideas on industrial policy.

About the speakers

Gaylor Montmasson-Clair is a Senior Economist at TIPS. He leads TIPS's work on sustainability and just transition. He is the Facilitator for the South African Renewable Energy Masterplan (SAREM), the industrialisation plan for South Africa’s renewable energy value chain. Gaylor is also a Research Associate at the University of Johannesburg’s Centre for Competition, Regulation and Economic Development (CCRED).

Shameela Soobramoney is the CEO of the National Business Initiative (NBI), an independent coalition of the local and multinational businesses focusing on taking action to achieve social and environmental sustainability underpinned by good governance. She joined the NBI in 2023. She was previously the Chief Sustainability Officer of the Johannesburg Stock Exchange (the JSE) As a sustainability specialist she has, inter alia, been a key contributor to the JSE’s work into climate change, the potential for a local market to trade in carbon credits and environment-related products, the development of a Green, Social and Sustainability bonds framework, impact investing, the JSE’s sustainability, innovation and CSI strategies as well as the annual sustainability investor briefing/showcase sessions.

Sandy Lowitt is a Research Fellow at TIPS. She has worked in the Provincial and National Government in matters related to Industrial Strategy and policy, as well as economic infrastructure projects such as the Gautrain. She is currently active in the Just Transition Finance space.

Neil Cole is Finance Manager at the JETP Project Management Unit. He has more than 20 years professional experience in the field of Public Finance and international financial relations. Between 2001 and 2013 he worked for the National Treasury of South Africa in senior management positions in the Budget Office and in the International Economic Policy divisions. While at the Treasury, Neil represented South Africa on the committees that drafted the Accra Agenda for Action and the Busan Partnership for Effective Development Co-operation. He currently teaches a course on public finance for social protection at the International Training Centre of the ILO. Neil joined the JETP Secretariat in July 2022. His undergraduate and post-graduate qualifications cover public administration/policy, politics.

Anda David is a senior researcher and the lead economist on inequality at the French Development Agency (AFD). She holds a PhD from Paris Dauphine University, specialising in development economics, with a focus on migration and labour markets. Her current research is centred on inequality and sustainability. Between 2004 and 2015, she regularly collaborated with various international organisations active on these issues such as OECD, ILO and World Bank. Anda David joined AFD’s research division in December 2015 and is currently the scientific coordinator of the AFD-EU Research Facility on Inequality. Since January 2021, she is based at the AFD regional bureau for Southern Africa in Johannesburg.

Hermien Botes is Head of Sustainability Engagement for Anglo American where she has worked for the past 15 years in various sustainability roles including human rights, strategy, ESG reporting and systems. Hermien’s current role involves engagement with civil society, human rights and two special projects – gender-based violence and the just energy transition. In late 2019, Hermien led the launch of Anglo American’s Living with Dignity programme, which includes a comprehensive suite of initiatives to tackle sexual and gender-based violence in mines and mining communities. Hermien was also a co-author of Anglo American’s Sustainable Mining Plan – now in its fifth year of implementation.