For Sustainable Development Progress Report on Green Fund Select Committee Meeting - 7 May 2013.

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Presentation transcript:

for Sustainable Development Progress Report on Green Fund Select Committee Meeting - 7 May 2013

Payment for ecosystem services, sust resource use Water harvesting, effluent management, & municipal water metering Waste beneficiation, - recycling, waste to energy etc. off-grid options, REFIT for large scale renewable & SWH rollout Non-motorised transport, sust. public transport system Green Economy focus areas & related Programs Resource conservation and management Sustainable waste management practices Water management Environmental Sustainability Green buildings and the built environment Sustainable transport and infrastructure Clean energy and energy efficiency Agriculture, food production and forestry Sustainable consumption and production Cross-cutting: Green cities & towns, capacity building & fiscal mechanisms

Progress to date National Green Fund of R800 Million, with R300m in 2012/13 and, R500m in 2013/14 The Green Fund represents a critical resource mechanism to achieve a green economy and transition South Africa onto a low carbon, resource efficient growth path. The Green Fund will establish an evidence base consisting of lessons learnt through funding the implementation of programmes and projects which may inform future programmes and financial support offered by the government of South Africa. An Investment Strategy for the long term sustainability of the fund is being developed Fiscal Mechanism

Green Fund Windows Green Cities and Towns Greening core municipal infrastructure such as water, energy, transport and waste management Sustainable human settlements, the built environment and green buildings Integrated planning for climate resilient cities and communities Low Carbon Economy Cleaner production, reducing consumption of natural resources Climate mitigation, energy efficiency, renewable energy and biofuels Research and innovation to drive competitiveness in green economy Environmental & Natural Resource Management Sustainable management of natural resources and investment in ecosystem services Sustainable agriculture and land use practices Rural and land based adaptation models

Fund eligibility criteria : All applications were subjected to the following eligibility criteria: Relevance: match to the funding Window and focus areas therein Innovation: the project is new and unique in the green economy space. This innovation can relate to any of the following aspects: technology, business model, institutional arrangements, or financing approach. Additionality: the project cannot proceed without the Green Fund’s financial support and a funding gap should be demonstrated. Ability to scale up and/or replicate: the project has the potential to be rolled out to other sites and/ or to be implemented at a large scale.

Eligibility and approval process Strategic fit and Impact (eligibility & shortlisting) Project readiness Green Fund Projects & Portfolio considerations: balance of investments Funding submission Applicant to demonstrate in submission Applicant to demonstrate during due diligence review MANCOM to approve for due diligence / project development MANCOM final decision Project development

Pipeline projects Project nameDisbursement to- date Approved AmountJobs Created to date DUT: Novel rain harvesting technologies for peri-urban and rural communities in SA R R eThekwini Municipality – Reforestation R R SANDPARKR R CoCT Thermal Efficiency Low cost Housing R City of Tshwane –Energy Efficient Municipal Buildings R CoCT Micro Hydro Electrical Plant R Wildlands Conservation Trust (Msunduzi) R R Jobs in Waste for Youth R Smarter Cities for a Greener Economy R R

Private sector projects Project nameDisbursement to- date Approved AmountJobs Created to date Farming the wild greening the rural economy R R Use-It R RE-SA R Betona R

Other Activities Research and Policy Development (RFP) Aims to contribute to effective green economy policy formulation and implementation in SA Closed 0n 28 March applications being received Selection process is underway Sustainable Infrastructure Council Task Team is in place to investigate the process of establishing SACSI Capacity Building for Green Economy Thematic areas. A stakeholder consultation Roundtable is scheduled for May Green Fund Logo The process of developing Green Fund logo is current

Conclusion Member of Select Committee Meeting to note Green Fund Progress

THANKS