WATCH: Halfway to COP27: are countries living up to their climate pledges?
Michael Avery and guests assess whether SA is delivering on its promises about climate change
01 June 2022 - 16:27
byBusiness Day TV
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Researchers say SA needs to spend $250bn over the next 30 years on closing down its coal-fired power plants and replacing them with green energy. Picture: BLOOMBERG
In the wake of the recent KwaZulu-Natal floods and the continued slow-burning debate about SA’s just energy transition, June 1 is a good day to assess how SA is delivering on its promises in respect of climate change, as we are roughly half way to Cop 27.
Egypt will host Cop27 in Sharm el-Sheikh in November. The talks will take place in the shadow of the war in Ukraine, as well as rising energy and food prices around the world, leaving rich countries grappling with a cost-of-living crisis and poor countries struggling with debt mountains.
Financial assistance for developing countries must be at the top of the agenda for UN climate talks in 2022, host country Egypt has made clear, as governments will be required to follow through on promises made at the Cop26 summit in 2021. Most of the world’s biggest economies, and biggest emitters of greenhouse gases have yet to fulfil the pledges they made at Glasgow in November, to strengthen their targets on emissions cuts.
Work to turn the pledges of climate finance from rich countries into projects on the ground helping poor countries has also been slow. But how is SA doing? BDTV spoke to Justine Sweet, from Herbert Smith Freehills; Olivia Rumble, director at Climate Legal; and Andrew Gilder, also a director at Climate Legal, to find out.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
BUSINESS WATCH WITH MICHAEL AVERY
WATCH: Halfway to COP27: are countries living up to their climate pledges?
Michael Avery and guests assess whether SA is delivering on its promises about climate change
In the wake of the recent KwaZulu-Natal floods and the continued slow-burning debate about SA’s just energy transition, June 1 is a good day to assess how SA is delivering on its promises in respect of climate change, as we are roughly half way to Cop 27.
Egypt will host Cop27 in Sharm el-Sheikh in November. The talks will take place in the shadow of the war in Ukraine, as well as rising energy and food prices around the world, leaving rich countries grappling with a cost-of-living crisis and poor countries struggling with debt mountains.
Financial assistance for developing countries must be at the top of the agenda for UN climate talks in 2022, host country Egypt has made clear, as governments will be required to follow through on promises made at the Cop26 summit in 2021. Most of the world’s biggest economies, and biggest emitters of greenhouse gases have yet to fulfil the pledges they made at Glasgow in November, to strengthen their targets on emissions cuts.
Work to turn the pledges of climate finance from rich countries into projects on the ground helping poor countries has also been slow. But how is SA doing? BDTV spoke to Justine Sweet, from Herbert Smith Freehills; Olivia Rumble, director at Climate Legal; and Andrew Gilder, also a director at Climate Legal, to find out.
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