While the United States recently withdrew from the International Partners Group (IPG), made up of developed countries committed to financing the energy transition in a number of countries, including South Africa, the Group has indicated that it will continue its pledge.
Prior to its withdrawal from the Just Energy Transition Partnership (JETP) in South Africa, the United States had pledged to support the country with $56 million in grant funds and $1 billion in commercial debt or equity from the US International Development Finance Corporation (DFC).
“While the withdrawal of the US is regrettable, the International Partners Group (IPG) remains fully committed to supporting South Africa to deliver its just energy transition”, says the statement, signed by the UK, Germany, France, the European Union, Denmark and the Netherlands, on behalf of the IPG.
Over $2.5 billion of the Group’s pledge has been spent to date (out of total international pledges of $12.8 billion). Some partners are even exploring the possibility of supporting work previously carried out by the United States. (Original version in French by Pauline Denys)