House of Commons · Written Ministerial Statement
Just Energy Transition Guarantee – South Africa
07 November 2022 · Foreign, Commonwealth and Development Office
Proposed by Andrew Mitchell Con Sutton Coldfield
Summarised by AI from the official record, so it can contain mistakes.
At a glance
Key points
- The Foreign, Commonwealth and Development Office proposes a 1 billion guarantee to support South Africa's Just Energy Transition Partnership.
- A departmental minute detailing the guarantee has been laid before Parliament.
- Parliamentary approval is required within 14 sitting days, with the announcement expected at COP27 in November 2022.
Issue summary
The statement discusses a new guarantee facility for South Africa's Just Energy Transition Partnership (JETP) proposed by the Foreign, Commonwealth and Development Office.
Action requested
A departmental minute has been laid before Parliament detailing a £1 billion guarantee to support South Africa’s JETP. The announcement is expected at COP27 in November 2022, subject to parliamentary approval within 14 sitting days.
Key facts
- $1bn guarantee facility will support South Africa's Just Energy Transition Partnership.
- Investment plan covers renewable energy, hydrogen, electric vehicles, and coal mining region projects.
- Approval by FCDO Ministers and HM Treasury has been secured.
- Announced at COP27 between 6-18 November 2022.
- Parliamentary notification process must be completed within 14 sitting days.
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