The report was developed as part of the programme of work of the OECD Working Party on Finance and Investment for Environmental Goals (WPFIEG) under the Environment Policy Committee (EPOC). The report was undertaken within the CEFIM Programme, with support from the government of Denmark, as well as previous support from the government of Canada. It was co‑ordinated by Julia Wanjiru Nikiema (OECD Environment Directorate).
The authors of this report are Julia Wanjiru Nikiema (Chapters 1-3, Annexes A-D), Marija Kuzmanovic and Giulia Honegger under the supervision of Miriam Koreen (Chapter 4, Annex E, OECD Centre for Entrepreneurship, SMEs, Regions and Cities) and Cornelia Schenk (Chapter 5, Annexes F and G, OECD Environment Directorate). A stakeholder mapping was carried out by Nompumelelo Mashaba, Shamiela Reid and Rest Kanju (Indalo Inclusive) (Annex C).
The work was conducted under the supervision of Geraldine Ang, Team Lead for Energy of OECD CEFIM Programme, under the strategic guidance of Yuval Laster, Head of the Finance, Investment and Global Relations Division, with inputs from OECD Centre for Entrepreneurship, SMEs, Regions and Cities.
The OECD is indebted to South Africa’s Department of Forestry, Fisheries and the Environment for its co‑operation in providing information, for hosting the inception meeting (18 September 2025), the thematic roundtables (19–20 February 2026) and the validation meetings (1-2 July 2026), as well as for facilitating contacts within and beyond government institutions and providing strategic guidance throughout the process. Particular thanks are due to Jenitha Badul (Department of Forestry, Fisheries and the Environment) and her team, including Leanne Richards and Anam Aluko.
The authors extend their gratitude to Indalo Inclusive, the OECD’s local consultant, in particular Rest Kanju, Shamiela Reid and Nompumelelo Mashaba, as well as to key stakeholders at national and local levels who participated in activities throughout the process and provided substantive contributions and comments: Duduzile Sibiya (Mpumalanga Department of Agriculture, Rural Development, Land and Environmental Affairs); Amandla Mali, Lize Jennings, Goosain Isaacs (Western Cape Government); Dorah Modise, Notiswa Libala (Presidential Climate Commission); Bongani Nhlabathi, Thebe Mamakoko (Department of Electricity and Energy); Mohlago Masekela (NERSA); Abigail Khuluse, Aya Manjezi, Lindiwe Johnson, Zwelidumile Magano (National Business Initiative); Carmen Mollmann, Neil Cole, Khwezikazi Windvoel and Jo Maharaj (JET PMU), Silas Mulaudzi, Lerato Libate, Babalwa Mbobo (South African Local Government Association); Nathi Nkonyane, Cyprian Fikile Theledi, Samukelisiwe Chirwa (Mpumalanga Green Cluster Agency); Tebogo Mogakabe, Pretty Chiloane (Gert Sibande), Edwin Mametja, Mduduzi Makhuba (Nkangala), George Malaka Mpe (Komati Steering Committee); Nishendra Moodley (Economic Development Partnership); Nick Singh, Vikesh Rajpaul, Thevan Pillay, Dana Gampel (Eskom); Simon Benmarraze, Larissa Nogueira (IRENA); Selwyn Willoughby (Atlantis Special Economic Zone); Zolisanani Ngxobongwana (SEDFA); Marianna Petrosillo, Lorenzo Vilona, Ntombifuthi Mazibuko (RES4Africa); Yaseen Lockhat (Bank Association South Africa); Maluta Netshaulu (Nedbank); Rashveer Manilal, ziNoxolo Kahlana (ABSA); Mtuza Mdletshe (Industrial Development Co-operation); Sarah Bieber (Acumen); Andisiwe Gcali (Global Affairs Canada); Janus Lund Lodahl, Frida Rogers Sønderskov, Helena Olsen (Denmark); Marian Engelbarts, Ruan Fourie, Christina von Heyden (GIZ, Just South Africa); Nawsheen Elaheebocus, Robert Aitken and Benjamin Curnier (African Development Bank); Bandita Sijapati (World Bank); Mike Foster (FCDO); Timm Wesley, Bruwer Ackermann (Boston Consulting Group); Sandra Makuchete, Senisha Moonsamy (Impact Amplifier); Lisa Johansson and Cuan Solomon (Green Cape); Kevin Dingle (DC Solar Reclaim), Christopher Gross and Bhoomika Tiwari (GET.transform); Michael Feldner (GET.invest), Anna Coby (Schneider Electric), Phumzile Sibisi (GHJ Engineering) and many others.
The authors are also thankful for the feedback and contributions received from OECD colleagues: Valentina Bellesi, Max Bohringer, Benjamin Denis, Ada Ignaciuk, Paul Horocks, Ariola Mbistrova, Mathilde Menard, Deger Saygin, as well as Emma Gordon (International Energy Agency). They are especially grateful to Roberto Lonetti, Derya Isir and Diane Fowler for administrative support, Dominique Haleva for editorial assistance, and Alyssa Perrott and Beth del Bourgo for communications support.