We are pleased to welcome Dr Basani Baloyi from the Institute for Economic Justice (IEJ) in South Africa to Warwick Law School.

Dr Basani is a Visiting Fellow of the Warwick Institute for Advanced Study (IAS) and will be based at the Centre for Law, Regulation and Governance of the Global Economy (GLOBE), Warwick Law School. Dr Baloyi is Programme Co-Director at the IEJ. In this role, she drives innovative work on industrial policy, green transitions and development finance, with a focus on socio-economic justice in the global south. Dr Baloyi holds a PhD in Economics from SOAS, UK and an MA in Public Policy and MCom in Economics from Wits University, South Africa.

Dr Baloyi has extensive policy and research experience in academia and the civil service in South Africa, including as Director of Industrial Policy and Acting Chief Director in the Industrial Procurement Unit at the Department of Trade and Industry. She has authored and edited publications on the South African political economy, development policy and climate finance, including The Evolving Structure of South Africa's Economy (2023), a significant contribution offering critical insights into South Africa’s economic landscape. During her visit, Dr Baloyi will collaborate on the Climate Finance for Equitable Transitions (CLiFT) project, specifically through providing insights and critiques on South Africa’s Just Energy Transition Partnership (JETP), a climate finance initiative aimed at supporting developing countries in their shift to low-carbon economies.

Dr Baloyi will be based in the Visitors Room, S1.35. It is great to have you with us Basani. Welcome to Warwick.

Dr Baloyi will be presenting her work at a GLOBE Centre - Institute for Global Sustainable Development (IGSD) seminar on Constructing Critical Pathways for Just Transition Financing: A View from the Global South Climate Justice Advocates by Dr Basani Baloyi on Thursday, 17 October 2024, 12.30pm – 2pm in S2.09.

This event has hybrid facilities. For online attendance, please use this link.

About the Event

In the absence of radically scaling up multilateral financing mechanisms, the dominant approach to climate finance remains in place. This approach is encapsulated in South Africa’s Just Energy Transaction Partnership (JETP) agreed between the government and an International Partners Group (IPG) aimed at supporting countries in energy transitions and associated social and economic impacts. The deal prioritises commercial and concessional loans over grants with a strong bias towards supporting mitigation measures and infrastructure development with limited focus on economic diversification and social provisioning. Importantly, the JETP Investment Plan forms part of the current shift in international development finance towards using public finance as catalytic capital to mobilise private finance, such as through ‘blending’ and ‘derisking’ financial instruments. This entails the state assuming much of the risks of investment, whether through sovereign guarantees or guaranteeing private sector projects substantial returns. The Institute for Economic Justice, along with partners, has been heavily involved in shaping positions that are critical to the status quo and shaping positions that construct critical pathways for just transition financing. This discussion will outline these contestations.