{"id":10518,"date":"2021-01-07T11:31:28","date_gmt":"2021-01-07T10:31:28","guid":{"rendered":"https:\/\/ecomnewsafrique.com\/?post_type=news&#038;p=10518"},"modified":"2021-01-07T14:56:50","modified_gmt":"2021-01-07T13:56:50","slug":"south-africa-aims-to-achieve-its-energy-transition-reduce-its-greenhouse-gas-emissions-and-create-jobs-in-renewable-energies","status":"publish","type":"news","link":"https:\/\/ecomnewsafrique.com\/en\/2021\/01\/07\/south-africa-aims-to-achieve-its-energy-transition-reduce-its-greenhouse-gas-emissions-and-create-jobs-in-renewable-energies\/","title":{"rendered":"South Africa aims to achieve its energy transition, reduce its greenhouse gas emissions and create jobs in renewable energies"},"content":"\n  \n    \n      \nThe International Finance Corporation (IFC), a member of the World Bank Group, has partnered with Nedbank Limited in South Africa to increase green finance for renewable energy in the country. \n\n    \n  \n\n\n  \n    \n      \nThe objective of this partnership is to enable the energy transition, the reduction of greenhouse gas emissions and the creation of jobs in the renewable energy sector. \n\n    \n  \n\n\n  \n    \n      \nUnder the terms of the bilateral agreement, the IFC will provide the Rainbow Nation with a loan of $ 200 million to help expand green finance operations. \n\n    \n  \n\n\n  \n    \n      \nThis agreement is part of the institution&#8217;s broader objectives: to develop South Africa&#8217;s climate finance market and support the government strategy for the transition to a low carbon economy. \n\n    \n  \n\n\n  \n    \n      \nThe country plans to reduce its emissions by 42% by 2025, and to diversify its electricity production by 2050 in order to reduce its dependence on coal. Nedbank is the first South African bank to achieve carbon neutrality and issue the first green bonds on the South African Stock Exchange. \n\n    \n  \n\n\n  \n    \n      \nThe IFC estimates that the ecological transition of the energy and sustainable urban infrastructure sectors has an investment potential of $ 588 billion by 2030 for South Africa. \n\n    \n  \n\n\n  \n    \n      \nSource Ecofin Agency\n\n    \n  \n\n","author":15,"featured_media":0,"comment_status":"closed","ping_status":"closed","template":"","tags":[699,745,487,790,698],"location":[861],"class_list":["post-10518","news","type-news","status-publish","hentry","tag-economy","tag-energy-2","tag-gas","tag-job","tag-news","location-south-africa-2"],"short_url":"https:\/\/bit.ly\/3pY5HPn","have_related_news":"done","chapo":"As part of its climate action and the development of its electricity sector, South Africa has started integrating renewable energies into its energy mix. IFC and Nedbank plan to accelerate funding for these projects.","media":{"src":"https:\/\/ecomnewsafrique.com\/app\/uploads\/sites\/4\/2021\/01\/energy-550x360.png","srcset":"https:\/\/ecomnewsafrique.com\/app\/uploads\/sites\/4\/2021\/01\/energy-550x360.png 550w","sizes":"550px","alt":"energy","width":550,"height":360,"ratio":0.68,"credit_photo":""},"media-news-header":{"src":"https:\/\/ecomnewsafrique.com\/app\/uploads\/sites\/4\/2021\/01\/energy-969x658.png","srcset":"https:\/\/ecomnewsafrique.com\/app\/uploads\/sites\/4\/2021\/01\/energy-969x658.png 1170w","sizes":"1170px","alt":"energy","width":1170,"height":658,"ratio":0.68,"credit_photo":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.9.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>South Africa aims to achieve its energy transition, reduce its greenhouse gas emissions and create jobs in renewable energies - Ecomnews Afrique<\/title>\n<meta name=\"description\" content=\"The International Finance Corporation (IFC), a member of the World Bank Group, has partnered with Nedbank Limited in South Africa to increase green\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ecomnewsafrique.com\/en\/2021\/01\/07\/south-africa-aims-to-achieve-its-energy-transition-reduce-its-greenhouse-gas-emissions-and-create-jobs-in-renewable-energies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Africa aims to achieve its energy transition, reduce its greenhouse gas emissions and create jobs in renewable energies - 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