Financing a just transition to a low-carbon, resilient economy
Moving away from fossil fuels is a challenge as vulnerable groups bear the brunt of the change
A just transition challenges the traditional way the financial service sector does business, both in terms of what they finance and how they finance projects. This constitutes a new and disruptive agenda item for investors and policymakers.
There are signs from the government and private sector that the extent of SA’s reliance on fossil fuels — either through energy production or in mining — needs to move in a different direction. Turning these aspirational goals into reality poses numerous challenges that will require new commitments to dialogue and engagement across all stakeholder groups. For example, such engagements are crucial to the success or failure of a just transition, and whether those most affected by the changes that will take place, especially in our energy mix and energy intensity, are included or left behind...
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