Exclusive interview with Jack Radmore, Energy Programme Manager, GreenCape. He is a panellist in the upcoming webinar on the latest investment opportunities in key sectors of the green economy, as highlighted in GreenCape’s latest annual Market Intelligence Reports (MIRs), in collaboration with African Utility Week and POWERGEN Africa.
The live webinar entitled “Investing in a Green Economic Recovery: Insights from GreenCape’s 2020 Market Intelligence Reports” will gather GreenCape industry experts to discuss in more depth the results of the recently released reports. It will take place on the ESI Africa multi-media platform on Thursday, 25 June 2020 at 15.30 SAST (13.30 GMT). Registration is free and attendees will be able to ask the panellists questions. Click here to register.
Let’s start with a few facts from GreenCape’s MIRs as a sneak preview to whet the appetite for the upcoming webinar on 25 June.
- The latest Integrated Resource Plan (IRP) 2019 allocations indicate 14,400MW for wind, 6,000MW Solar Photovoltaic (PV) and a minimum of 4,000MW of small-scale embedded generation (SSEG) to be procured by 2030, which has the potential of attracting in excess of R420 billion in the next 12 years.
- Opportunities within the organic, e-waste, plastics and builders’ rubble sectors have the potential to add between R661.3 and R1,086.4 billion in value to the South African economy.
- As we continue to manage a drought, based on population and economic growth projections, South Africa could have a 17% gap between water supply and demand by 2030. This means there are significant opportunities in the industrial water market (opportunities in the agri-processing sector); and the municipal water market (opportunities in waterworks and wastewater treatment works).
- The agricultural value chain is estimated to contribute about 12% of the national GDP and plays a significant role in terms of providing employment and earning foreign exchange.
Anything in the MIRs that was surprising to you?
Without widespread incentives or subsidies, the South African Green Economy (energy, water, waste and smart agriculture) is economically viable and is perfectly placed to enable economic growth and investment and create meaningful jobs while increasing environmental quality and social inclusiveness.
What will the impact of COVID-19 be on this latest report?
The South African market will take a knock; the exact impact is still to be seen. However, one thing is clear, this crisis as an opportunity to accelerate the transition towards a more resilient, green economy. The overall aim of a transition towards a green economy is to enable economic growth and investment in the markets covered in GreenCape’s Market Intelligence Reports.
The general sentiment is still – it is easier to make 17 rand than it is to make 1 dollar – and if we can make sure we create jobs while increasing environmental quality and social inclusiveness at the same time, then it’s a win-win.
What will your message be to the sector and the public during the webinar?
In the South African context, there are investment opportunities in the energy space that support the pursuit of the triple bottom line. This is particularly important as we recover from the international COVID-19 pandemic. The business case for the supply of clean power and sustainable energy services is strong, from an economic, planet and people perspective.
GreenCape’s annual Market Intelligence Reports (MIRs), developed in partnership with the Western Cape Government’s Department of Economic Development and Tourism, highlight up-to-date investment opportunities in key sectors of the green economy. GreenCape is in a unique position to gather current insights from businesses active in the green economy, as well as from other key role-players in each of the sectors. The information in the webinar (linked to the 2020 MIRs) will highlights opportunities to be part of this green economy revolution.
Click here to register for the webinar on 25 June.