South Africa and the European Union have launched the first government-to-government talks aimed at driving investment into the country’s green economy.
The dialogue under the Clean Trade and Investment Partnership officially kicked off on Monday.
It’s designed to implement the landmark agreement signed in November last year, which seeks to deepen trade and investment while supporting the transition to a low-carbon economy.
Both sides agreed to establish dedicated working groups that will identify priority projects, remove barriers to investment, and accelerate implementation.
The focus areas include expanding renewable energy generation, building new electricity transmission infrastructure, and reducing South Africa’s reliance on coal.
The dialogue is also expected to help mobilise private sector investment and create new opportunities for businesses on both sides.
The European Union said that the partnership is designed to support South Africa’s industrialisation and energy transition while building resilient, sustainable supply chains for products essential to the global green economy.
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