ZEPH NHLEKO: DBSA plays a vital role in green financing and fighting climate change
Bank’s just transition framework will detail support for infrastructure development and investment
It is often said that if one is not part of the solution, one is most likely to be part of the problem. In the global drive for a just transition and sustainability, everyone must certainly pick a side. Not only is the UN’s goal to limit the increase in the global average temperature to about 1.5°C bold, it is probably the most difficult activity global citizens are trying to do together. And it requires much money.
The International Development Finance Club (IDFC), a leading group of 26 national and regional development finance institutions worldwide — of which the Development Bank of Southern Africa (DBSA) is a member — reported in its annual Green Finance Mapping Report for 2020 that development finance institutions (DFIs) or public development banks have provided $867bn in green finance in the five years from 2015 to 2019. About 25% of all new IDFC commitments in 2019 were green financial commitments...
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