The National Business Initiative (NBI), Climate Group, Carbon Disclosure Project (CDP) and the World Business Council for Sustainable Development (WBCSD), have partnered to establish the RAiSE (Renewables Ambition in South African Electricity) Hub to unlock the power of corporate procurement and generation of renewable energy in South Africa.
RAiSE is excited to invite you to a thought-provoking dialogue on “The Role of Business in South Africa’s Emerging Renewable Electricity Landscape”. This session is the first in a series of conversations on South Africa’s evolving power system and the role of business in shaping South Africa’s future power system.
A recent study by the NBI, BUSA and BCG concluded that South Africa would need to build 6-12 GW of renewable energy annually to achieve net zero carbon emissions by 2050 underpinning South Africa’s Just Transition.
“To put that in perspective, SA has an installed capacity of about 5GW of renewables today, which took us more than a decade to build. We cannot emphasise the scale and complexity of this challenge enough, it all hinges on renewables.” – Joanne Yawitch and Lucas Chaumontet, Business Day article, 6 June 2022
The private sector has a pivotal role to play in scaling-up South Africa’s electricity generation capacity, not only to respond to the current crippling energy crisis, but also building the foundation for climate responsive and resilient power system.
President Cyril Ramaphosa announced the new energy plan in 2022 to curb unremitting power interruptions. The accelerated rollout of renewable energy features as an integral part of the plan and the role of business is identified as key in unlocking South Africa’s renewable electricity capacity and capability.
Join us for our first session in a series of discussions as RAiSE Hub explores and unpacks the technical, regulatory, financial, and social aspects of South Africa’s dynamic and growing renewable power landscape.
RAiSE Hub will also feature member company renewable energy journeys, sharing lessons and insights and building partnerships to enable a rapid market-driven scaling up of investment and implementation of renewables in South Africa.
We invite you to a workshop to introduce the RAiSE Hub and how we secure a stable and secure supply of renewable energy as the bedrock of a competitive, resilient and inclusive economy.