Negotiations are under way for Denmark to join the just energy transition partnership.Prime ministers of Denmark and Netherlands were in SA this week to strengthen partnerships in energy.Denmark seeks to support South Africa's shift to renewable energy and is in talks to join the Just Energy Transition Partnership with other developed nations.
Denmark also wants to play a role in reducing emissions globally."It is only logical for Denmark to join the JETP," Skårhøj said. This means helping South Africa reduce its reliance on coal in a"just" manner. Officials from Denmark and South Africa signed an amended agreement on the existing energy partnership programme, founded in 2017. The programme sees Denmark support South Africa's ambitions to reduce greenhouse gas emissions through the deployment of more renewables.
He explained that through the CIP's New Markets Fund, a pool of capital backed by pension funds and insurance companies, investments are made in middle-income countries like South Africa. CIP specifically invests in the early stage development of renewable energy projects.
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