A Justice-based Implementation Plan For South Africa At COP28

December 4 was Finance Day at the UN Framework Convention on Climate Change (UNFCCC) on the 28th occasion of the Conference of the Parties (COP28) in Dubai, UAE.

Various finance-related events took place including the "Contributor Dialogue" where governments expressed their support for the Adaptation Fund and announced new pledges towards the US $300 million mobilisation target. Also discussed was the scaling up financing for adaptation, including doubling adaptation finance. New pledges and contributions to the Adaptation Fund will help finance the Fund's growing pipeline of project proposals worth nearly US $500 million.

It was an exciting day for South Africa as the Minister of Forestry, Fisheries and Environment (DFFE), Barbara Creecy unpacked the country's Just Energy Transition Implementation Plan (JET IP). The plan will require initial funding of R 1.5 trillion for the period 2023-2027.