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The development of Green Industries in the Green economy is becoming a key focus and area for development in South Africa and especially the Industrial Development Corporation of South Africa (IDC).IDC has been at the forefront in supporting industrial growth and development in South Africa since its inception in 1940.More recently, IDC adopted a pro-active approach in developing the green economy in South Africa.The objective is to develop, grow and invest in green industries focusing on investments to enhance the environment, support carbon emission reduction, avoidance and adaptation.This will be done through investments in clean production, clean energy, energy efficiency, demand side management interventions, emission and pollution mitigationand bio fuels.A value chain approach will apply with the emphasis on industrial development (including localization) and job creation.The RE industry and EE improvements are and will be achieved largely via enabling instruments and interventions.As such IDCs strategies are focused on the development of funding and support programs, sub-sectoral value chain development, skills development and sourcing of funds.The presentation will highlight IDCs mandate and approach in developing the green economy in South Africa, it will also highlight the changing environment, constraints and strategies adopted by the IDC in developing its approach.