WORKING PAPER - FOR THE PRESIDENTIAL CLIMATE COMMISSION

About the Presidential Climate Commission: The PCC is a multi-stakeholder body established by the President of the Republic of South Africa to advise on the country’s climate change response and pathways to a low-carbon climate-resilient economy and society. [...] The Presidential Climate Commission’s Just Transition Framework Project Steering Committee also agreed that, for the purposes of progressing work on the just transition framework, the International Labour Organization (ILO) definition of a just transition be used; and that different stakeholders and beneficiaries would exhibit a range of just transition ambition in relation to the procedural, dist. [...] Any public sector contribution will need to be supported by the full force of the private sector (and in the case of the global South – the support of the global North). [...] It is the owner of DFIs such as the IDC and DBSA; it is the regulator and supervisor of the finance ecosystem through the National Treasury, Reserve Bank and regulatory authorities; it is an important institutional investor through the Public Investment Cooperation (PIC); and it is a service provider that supplies goods such as housing and schools, and services through state-owned companies (SOCs). [...] Finally in the area of policy and regulations, which is changing and evolving rapidly, the South African government could also leverage IFIs to share technical knowledge with the existing stakeholders in the financial ecosystem to accelerate and support their ability to supply the required quantity and quality of finance needed for a just transition in South Africa.