Unlocking South Africa’s Green Growth Potential
The South African Renewables Initiative (SARi), established in 2010 under the South African Government’s Industrial Policy Action Plan, is tasked to design and establish a viable financing mechanism that would catalyse the critical mass of renewables needed to deliver economic and broader social benefits. Such a mechanism, in its current stage of development, would blend domestic commitments with concessionary resources and risk guarantee instruments channelled through inter-governmental co-‐operation. Provided within an appropriate institutional framework, such public resources would in turn leverage the far larger sums required from private finance at an affordable cost to South Africa. SARi is a work-in-progress, and this briefing provides an update on its development to date. Its success would enable South Africa to take a major step forward in advancing its green growth plans and practices.