Associations
including regulatory , financing , procurement , technical and informational and awareness gaps .
“ We look forward to seeing where the consulting team takes this initiative , being cognisant that any power sector reform elements have large socio-economic impacts on employment and poverty and must be carefully managed within the wider reform engagement and political economy of the country . With 90 % of our primary energy consumption coming from coal , the drive towards energy efficiency is crucial if we are to reduce the pressure on the national grid , and reduce our carbon footprint ,” says Bredenkamp .
The World Bank seeks to understand the opportunities to develop the ESCO market in the country , with a focus on implementation , business , and financing models for ESCO market transformation , that could contribute to the country ’ s global commitments for climate change mitigation , but also have the possibility of attracting more private sector participating and capital , and youth and women-owned businesses into the nascent ESCO market in South Africa .
This task will be fully funded through a grant provided by the Public-Private Infrastructure Advisory Facility ( PPIAF ) at the World Bank . The PPIAF helps developing-country governments strengthen policies , regulations and institutions that enable sustainable infrastructure , with private-sector participation . “ SANEDI and the DMRE will work in close contact with the World Bank , consultant team and other relevant stakeholders to see this project through , which is expected to run for nine months , and started in August 2021 , and which will build on another activity that the World Bank is currently funding through the PPIAF , relating to the development of sustainable financial mechanisms for multiple demand-side energy efficiency market sectors in South Africa . We look forward to the outcome of these exciting and potentially game-changing initiatives in the country ,” concludes Bredenkamp .
ABOUT SANEDI The South African National Energy Development Institute ( SANEDI ), established by the Government , directs , monitors and conducts applied energy research to develop innovative , integrated solutions to catalyse growth and prosperity in the green economy . It drives scientific evidence-driven ventures that contribute to youth empowerment , gender equity , environmental sustainability , and the 4 th Industrial Revolution , within the National Development Plan ( NDP ), through consultative , sustainable energy projects . RACA
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RACA Journal I October 2021 www . hvacronline . co . za