GRAY MAGUIRE: SA government is paying lip service to just energy transition plan
Instead of sinking enormous loans into the black hole of the national fiscus, why not provide credit enhancement to SA commercial banks for GFT-aligned loans?
Saturday marked the 53rd International Earth Day. While passing by relatively unnoticed in SA, the movement has become a globally significant player in mobilising the public in support of the environmental movement, active in over 190 countries around the world. This year the theme of their series of events was “Invest in our Planet”, which emphasised the need to support a green economy and especially the role of environmental, social & governance (ESG) considerations in corporate performance.
So it was fitting that the Carbon Trust and German Institute of Development & Sustainability hosted a one year review of SA’s own Green Finance Taxonomy (GFT) this Tuesday. Drawing heavily on the EU’s GFT, the local version was developed with the aim of providing clarity to investors on what precisely is, or is not, a green physical asset. This is a crucial step, not only to mitigate ever-present concerns around corporate greenwashing, but also to enable investment flows from the rapidl...
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