Accessibility links

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.