Friday, August 12, 2022
  • Login
Upgrade
The Southern African Times
  • Home
  • Southern Africa
  • Global
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Tech
  • Opinion
  • Sports
  • Lifestyle
    • Health
    • Culture
    • Food and Drink
    • Entertainment
  • SAT Jobs
No Result
View All Result
  • Home
  • Southern Africa
  • Global
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Tech
  • Opinion
  • Sports
  • Lifestyle
    • Health
    • Culture
    • Food and Drink
    • Entertainment
  • SAT Jobs
No Result
View All Result
The Southern African Times
No Result
View All Result
Home

UK-funded low carbon technology programme calling for proposals in South Africa

by SAT Reporter
July 6, 2022
in Just In
0
UK-funded low carbon technology programme calling for proposals in South Africa
0
VIEWS

The UK Government-funded Climate Finance Accelerator (CFA) programme’s South African operation is calling for investment proposals from local low-carbon projects that would fight climate change but need funding. Funded by the UK Government Department of Business, Energy and Industrial Strategy, the CFA in in South Africa is implemented by the National Business Initiative and GreenCape.

The call for proposals was launched on June 30 and will close on August 12. Projects to be proposed should be at least in prefeasibility stage and need funding of at least $4-million (not £4-million). This call represents the second phase of the CFA in South Africa.

The CFA demonstrates the UK’s firm commitment to supporting the effort to fight climate change in South Africa,” highlighted UK High Commissioner (Ambassador) Antony Phillipson. “CFA South Africa is committed to building partnerships between local developers of climate-smart projects, the financial community and policymakers to help low-carbon projects in need of investment access it.”

Phase 1 of the CFA in South Africa took place last year. Under it, 13 projects each received four months of training in financial and technical matters. Further, the CFA facilitated direct interactions between these projects and investors, both local and international. Many of these interactions led to investment decisions.

“It is critically important that South Africa unlock opportunities for investment towards implementing a just transition to net zero [carbon] emissions by 2050,” affirmed National Business Initiative CEO Joanne Yawitch. “To get investments and particularly investments in renewable energy, storage and peaking capacity at a large scale will require active support to climate project developers, including [small-, medium- and micro-enterprises], long term engagement and enabling policy, capacity building, and credible partnerships between project developers, finance, and government. Embedding the CFA process in supporting the implementation of South Africa’s climate commitments and just transition is a big part of the solution.”

The current, second, Phase of the CFA in South Africa is expected to result in the selection of about ten projects. These will probably be in the circular economy, clean transport, energy, forestry, smart agriculture, waste, and water sectors. The selected projects will receive advice and support from technical and financial experts, as well as from gender equality and social inclusion specialists. This advice and support is intended to advance the projects closer to investment.

“Accelerating these innovative private sector companies to scale and to grow will enhance their impact,” highlighted GreenCape CEO Mike Mulcahy. “These types of innovative global partnerships increase the rate of learning for companies and financiers – building bridges to a green economic future.”

Previous Post

Johnson and Blinken need to wake up from their colonial illusion

Next Post

Invest more in Africa—Akinwumi Adesina urges keen Irish business community

SAT Reporter

Related Posts

More African Central Banks Are Exploring Digital Currencies
Finance

More African Central Banks Are Exploring Digital Currencies

by SAT Reporter
August 8, 2022
What is at stake for investors in Kenya’s elections?

What is at stake for investors in Kenya’s elections?

by SAT Reporter
August 8, 2022
Ivory Coast president pardons predecessor Gbagbo to boost “social cohesion”

Ivory Coast president pardons predecessor Gbagbo to boost “social cohesion”

by SAT Reporter
August 8, 2022
Kenya commences shipment of fresh avocados to Chinese market
Business

Kenya commences shipment of fresh avocados to Chinese market

by SAT Reporter
August 3, 2022
US Appoints New Consul General for Lagos
Nigeria

US Appoints New Consul General for Lagos

by SAT Reporter
August 2, 2022
Next Post
Invest more in Africa—Akinwumi Adesina urges keen Irish business community

Invest more in Africa—Akinwumi Adesina urges keen Irish business community

Premium Content

Kenya joins global emissions project, plans carbon trade

Kenya joins global emissions project, plans carbon trade

June 21, 2021

China says forcing Chinese firms off U.S. exchanges will harm U.S.

June 5, 2020
Zambia revenue agency starts implementing new tax refund mechanism

Zambia revenue agency starts implementing new tax refund mechanism

November 9, 2021

Browse by Category

  • African Continental Free Trade Area
  • African Start ups
  • Algeria
  • Analysis
  • Angola
  • Asia
  • BOTSWANA
  • Botswana
  • Burkina Faso
  • Burundi
  • Business
  • Business
  • Cameroon
  • Central Africa
  • China
  • Climate Change
  • Climate Changev
  • Congo Republic
  • COVID 19
  • Culture
  • Democratic Republic of Congo
  • Eastern Africa
  • Education
  • Egypt
  • Entertainment
  • Environment
  • Ethiopia
  • Europe
  • Fashion
  • Finance
  • Food
  • Food and Drink
  • Foods
  • Ghana
  • Global
  • Guinea
  • Health
  • Immigration
  • in Southern Africa
  • International news
  • Just In
  • Kenya
  • Lesotho
  • Libya
  • Life Style
  • Lifestyle
  • Malawi
  • Malawi
  • Mali
  • Markets
  • Middle East
  • Mozambique
  • Namibia
  • Nigeria
  • North Africa
  • Opinion
  • Politics
  • Rwanda
  • Senegal
  • Seychelles
  • South Africa
  • South Sudan
  • Sports
  • Startup Africa
  • STOCK EXCHANGE
  • Tanzania
  • Tech
  • Togo
  • Travel
  • Travel
  • Tunisia
  • Uganda
  • Uncategorized
  • West Africa
  • World
  • World
  • Zambia
  • ZAMBIA
  • ZIMBABWE
  • Zimbabwe

Browse by Tags

africa African business news Africa New Africa News african footballer African investments african markets African news African start-up banking Business China Classic Climate change Content currency Explore Bali Finance football Investment Life Style Markets Market Stories Namibia news Oilandgas oil and gas Opinion Pandemic Politics Premium Russia South Africa Southern African News sports Stay Home Travel United Kingdom United Stated Vaccine Work From Home Wuhan Zambia Zimbabwe Zimbabwe Harare Manufacturing Africa Employment creationn

WHO WE ARE

The Southern African Times is a regional bloc digital newspaper that covers Southern African and the world news. The paper also gives a nuanced analysis on news and covers a wide range of reporting which include sports, entertainment, foreign affairs, arts and culture.

Facebook Twitter Youtube Instagram Rss

Copyright © 2022 The Southern African Times | Powered by The Southern African Times

Privacy Policy

Terms and Conditions

  • Home
  • Southern Africa
  • Global
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Tech
  • Opinion
  • Sports
  • Lifestyle
    • Health
    • Culture
    • Food and Drink
    • Entertainment
  • SAT Jobs

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?