is taking place at a time when developing countries are under increased pressure to contribute more to reducing global warming.
South Africa will be chairing a high-level roundtable on just transition, and will be making the case for developed economies to do more in supporting developing countries to meet their climate change commitments. Last week Friday, Ramaphosa said South Africa required around R1.5 trillion for a term of five years, and going forward, this will increase.
President Ramaphosa also criticised the industrialised countries for failure to implement the promises they made at the climate summit COP21 in Paris in 2015.Speaking at a special virtual meeting with the Presidential Climate Commission on Friday, he said South Africa’s key emphasis at the meeting will be that any transition from old energies to new and greener ones must be a just one.
He noted that the $8.5 billion just energy transition investment plan, funded by the United States and several European countries, had been approved by the cabinet. The plan is to be released soon for public consultation.“As we navigate our way through this transition, we create jobs, new jobs, new sectors that are going to have to accompany our transition as we move forward. But also this must be based on our key objective of ensuring that there is inclusive economic growth in our country.
Is borrowing money all that this man can think of? I wish he can show what happened to all the monies borrowed since he became president. Billions gone with nothing to show for it
As a man thinks so is his heart. Betrayal is the name of business Cyril is pursuing.