DevPact supported the development of climate finance investments in South Africa
This assignment focused on the identification of climate investment potential in South Africa, in the resilient agriculture sector, green and affordable housing and clean energy (identification of the most promising technologies, with a high replicability potential). This involved a review of the actors involved and their positioning, encompassing government (review of the regulatory framework and existing incentives); other donors (review of DFIs’ projects and programmes and identification of possible synergies) and partner banks (positioning and maturity of banks on the subject). As part of a consortium led by Rebel Group, DevPact supported the identification and design of climate finance investments within the resilient agriculture workstream. These were then presented to commercial banks to design financial products for on-lending to private agribusiness to accelerate adoption of climate smart investments within the South African agricultural sector.
Partner: PROPARCO, Rebel group Southern Africa
