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Published byAnthony Tate Modified over 7 years ago
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 220 000R3 725 854 20 eThekwini Municipality – Reforestation R 899 839R 36 940 000 80 SANDPARKR187 950R3 360 000 30 CoCT Thermal Efficiency Low cost Housing R50 000 000 - City of Tshwane –Energy Efficient Municipal Buildings R780 000 - CoCT Micro Hydro Electrical Plant R7 200 000 - Wildlands Conservation Trust (Msunduzi) R9 066 989 R62 547 929 72 Jobs in Waste for Youth R67 370 240 - Smarter Cities for a Greener Economy R9 330 950R15 000 000 -
Private sector projects Project nameDisbursement to- date Approved AmountJobs Created to date Farming the wild greening the rural economy R15 700 505R22 732 416 37 Use-It R 29 600 000 - RE-SA R25 000 000 - Betona R7 000 000 -
Other Activities Research and Policy Development (RFP) Aims to contribute to effective green economy policy formulation and implementation in SA Closed 0n 28 March 2013 155 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
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