A recent report into fossil fuel extraction pointed out the industry plans to sink $230 billion into developing new gas and oil projects in Africa across the next decade. And, that figure ramps up to $1,4trillion by 2050.
With COP26 mere weeks away, all participating countries need to align their positions with the Paris Agreement. South Africa’s commitment to the just transition will be a crucial element of its negotiating position.
As the world readies itself for COP26 in November, countries in Africa are walking a fine line between confronting market challenges and regulatory issues while acknowledging climate change is influencing our energy sectors.
The GreenMatter Fellowship, which nurtures talented young high-performing academics in the environmental field, believes that if corporates in South Africa would invest in young talent, there would be a significantly brighter future for the green economy in the country.