OPINIONISTA: Acting with speed and certainty is vital if SA is to attract investment to help finance a just transition

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 84%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Understanding the physical and economic risks posed by the climate transition is essential, as we start to position ourselves to approach the complex question of balancing energy security in the context of this transition.

The Collins Dictionary annually selects a word that describes the preceding year. This word is selected for the way it captures the general essence of the year in question: so, of course, 2020’s word was “lockdown”, and “vax” was chosen somewhat more hopefully for 2021.

Perhaps what’s important, is to start by recognising that we are not talking about an either/or situation here. We are talking about the necessity to do both. The European Union, a major trade partner, is already introducing carbon border tariffs to protect investments in greener production from goods and services produced in carbon-intensive economies.

For the mining sector, these have to be in the so-called “minerals of the future” and include rare earth minerals, lithium for battery storage and the platinum value chain, where South Africa already has an established advantage. In our case, outside of the formal United Nations framework, an initial amount of $8.5-billion has been offered by a number of developed countries through a combination of financial instruments, including grants and concessional loans, as a first, small step to help finance the country’s just transition.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

OPINIONISTA: Sona 2023 — We need a crisis recovery plan, not business as usualWe are in a crisis. A crisis demands vision, fortitude, and capability. South Africa has all three — just not where it matters, and that is in a declining ANC that no longer knows how to govern.
Source: dailymaverick - 🏆 3. / 84 Read more »

OPINIONISTA: It’s high time business makes amends for the role it played in State CaptureA conscious and detailed strategy is needed to restore legal and ethical practice in the South African economy, with the business sector providing an uncompromising lead, not backmarking.
Source: dailymaverick - 🏆 3. / 84 Read more »