Green finance


Overview

South Africa ranks 13th out of 21 countries to use tax as an incentive to drive the green growth agenda (ahead of Australia, Singapore, and Finland) according to the KPMG Green Tax Index. A range of funding solutions is available to green technology manufacturers and service companies, as well as those who use or procure such goods and services. These cover development finance institutions (DFI), local public and private sector financiers and investors, and a considerable range of tax incentives.

 

GreenCape's work in this space

The Green Finance Desk (GFD) primarily acts as a facilitator in the financing of green projects and green business. The GDF works across all sector desks at GreenCape and its objectives are to:

  • Develop a network of financial institutions (private and public) with green finance interests.
  • Develop an understanding of the main green projects requiring investment/financing.
  • Break down any barriers that exist between green finance and green projects.
  • Facilitate the implementation/adoption of innovative financing solutions for green economy business models.
  • Provide ad hoc support to programmes and initiatives requiring a financial/investment viewpoint.

The GFD has developed a tool to locate financiers in the green funding space, which is hosted on the South African National Energy Development Institute (SANEDI) website. The database is also available to download here


News and events



News release: Green Economy Innovations for Service Delivery Conference

The Green Economy Innovations for Service Delivery Conference is an interactive 2-day virtual conference hosted by GreenCape in partnership with City of Cape Town's Department of Enterprise Development and Investment... Read more

Library


News release: South African climate finance report tracks R62.2 billion in annual climate finance

Over the past two decades, South Africa has also adopted a range of national and sectoral policies, plans and strategies that aim to decarbonise the economy while meeting broad developmental... Read more

Case study: Building economic resilience through partnerships that support early-stage innovation

GreenCape, supported by the City of Cape Town, has published a case study titled: "Green Economy Enterprise Development and Investment - Building economic resilience through partnerships that support early-stage innovation... Read more