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    South African Renewables Initiative (SARI)

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    South Africa

    Description

    Overview
    Sector Energy
    Focus area Renewable energy (unspecified)
    Type of action Strategy/Policy
    Scope National
    Stage Under development
    Submitted to UNFCCC registry No
    Start of initiative 2004
    Financing and support details
    Financing status Seeking financing
    Total cost 8450 mln
    Financing requested
    (no data)
    Financing received to-date
    (no data)
    Principal source of financing Bilateral
    Principal type of financing Other
    Capacity building required Yes
    Technology transfer required Yes
    Additional information
    Proponent(s) Government of South Africa
    International funder(s) Denmark, Germany, Norway, the UK, European Investment Bank, World Bank
    Organization providing technical support
    (no data)
    Contact
    (no data)
    Objective:

    The South African Renewables Initiative aims to mobilise domestic and international funding, and sector expertise, to support South Africa to scale-up renewable energy.

    Activities: (2012 - 2030)
    The following activities will be undertaken:

    • Integrated energy planning with an ambitious plan for renewables.
    • Support renewable energy as part of a policy for industrial growth.
    • Developing a framework for independent power producers.
    • Developing a strategy for affordability.
    • Grid infrastructure and development.
    • Ensuring viable procurement agreements and terms.
    • Increasing the historically low electricity tariff.
    • Ensuring a fair market.
    • Providing policy-enabled financing.

    Impact and MRV

    No Data Available.png
    Cumulative GHG reductions: 575 MtCO2e
    Mitigative capacity:

    No information has been provided on mitigative capacity

    Co-benefits:

    Social: Positive health effects associated with the displacement of coal by renewables.
    Economic: There will be economic benefits from the localisation of parts of the global value chain of renewables, notably manufacturing, construction, operations and servicing and and research and product development. It is estimated that 35,000 - 40,000 jobs could be created at peak.

    There will also be energy security benefits from the additional reserve of capacity from renewables generation.

    There may be negative localised economic impacts from the competition for and and water resources with farmers, households and amenity users which will have to be addressed. There should be safeguards in place and measures to ensure that local communities benefit from the rollout of renewables projects.

    Environmental: Reduction in atmospheric pollution and greenhouse gases.

    MRV Framework:
    No MRV plan has been defined


    References

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