LEADER 02593cam a22003855i 4500001 99131234967806421 005 20210430182010.0 006 m d 007 cr cn||||||||| 008 020129s2019 dcu o i00 0 eng^^ 024 7 10.1596/35269 |2doi 035 (CKB)4920000001215436 035 (The World Bank)35269 035 (US-djbf)35269 035 (EXLCZ)994920000001215436 040 DJBF |beng |cDJBF |erda 110 2 World Bank Group. 245 10 Unlocking Private Sector Investment for Low-Carbon Transition in South Africa : |bAssessing Investment Climate for Climate Investments. 246 Unlocking Private Sector Investment for Low-Carbon Transition in South Africa 264 1 Washington, D.C. : |bThe World Bank, |c2019. 336 text |btxt |2rdacontent 337 computer |bc |2rdamedia 338 online resource |bcr |2rdacarrier 347 data file |2rda 490 1 Investment Climate Assessment. 520 3 Just energy transition is key to South Africa's inclusive and sustainable growth. It is necessary to unlock large pools of private capital and attract foreign investment to drive low-carbon transition. Despite downside risks, South Africa has strong macroeconomic fundamentals and commitment to improving the overall investment climate. Climate change poses considerable systematic risks, thus needs to be urgently integrated into macroeconomic policy and planning. Harness transition opportunity invest in resilient infrastructure and create market for low-carbon technologies to boost growth and strengthen the macro investment climate. Implement carbon tax effectively and raise policy ambition, supported by a fiscal framework conducive for climate investments, as well as invest tax revenues to support just transition. The current energy crisis presents an opportunity for sector reform, regulatory changes, and use of innovative financial solutions to promote low-carbon private sector investments. The World Bank has developed this discussion paper in response to the government of South Africa's request to analyze ways in which private capital flows can be catalyzed and leveraged for low-carbon investments. The focus of this paper is on electricity generation sector and the industry sector. 650 4 Adaptation to Climate Change 650 4 Carbon Policy and Trading 650 4 Climate Change Mitigation and Green House Gases 650 4 Energy Sector 650 4 Environment 650 4 Investment Climate 650 4 Macroeconomics and Economic Growth 650 4 Private Investment 650 4 Renewable Energy 830 0 Investment Climate Assessment. 830 0 World Bank e-Library. 906 BOOK