http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.04Change: -0.16
R/$ = 12.07Change: -0.10
Au 1204.60 $/ozChange: 1.40
Pt 1170.50 $/ozChange: 4.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Jul 05, 2012

Gigaba unveils climate change policy framework for State firms

Back
Agriculture|Africa|Design|Environment|Public Enterprises|Resources|Sustainable|Water|Africa|South Africa|Solutions|Environmental|Edna Molewa|Malusi Gigaba|Water|Operations
Agriculture|Africa|Design|Environment|Resources|Sustainable|Water|Africa||Solutions|Environmental|Water|Operations
agriculture|africa-company|design|environment|public-enterprises|resources|sustainable|water-company|africa|south-africa|solutions|environmental|edna-molewa|malusi-gigaba|water|operations
© Reuse this



The Department of Public Enterprises (DPE) on Thursday launched the Climate Change Policy Framework for State-owned companies (SOCs), a move which Water and Environmental Affairs Minister Edna Molewa hailed as an “important step” in transitioning to a greener economy.

Public Enterprises Minister Malusi Gigaba said the overarching objective of the framework was to optimise the impact of SOCs on the reduction of carbon emissions and development of a green economy without compromising the financial viability of SOCs.

The policy did not set emission reduction targets, and Gigaba said that SOCs would be required to set their own targets on what they believed they could achieve. “This way, we can demand a high level of accountability,” he said at a media briefing in Centurion.

The framework aimed at supporting SOCs in achieving the right balance between competing commercial, economic, developmental and environmental objectives, while enabling them to leverage off climate-related incentives.

The framework outlined four key design principles informing the policy. Firstly, SOCs needed to focus on optimising the overlap between commercial, economic, developmental and environmental objectives, while carefully managing areas where these objectives conflict.

Secondly, it was expected that over time, climate change and broader environmental and green economy considerations would be integrated into the heart of SOC planning, procurement and operational processes.

Thirdly, each SOC would require flexibility in the way it responded to the challenges of climate change given the diversity of sectors within which it operated.

And finally, the development of the green economy required a high level of collaboration across all SOCs, as well as between SOCs and government. The framework set out that the DPE would identify and foster synergies between SOCs around strategic mitigation and adaptation initiatives, as well as collaboration in terms of research.

Commenting on adaptation initiatives, Molewa said water, agriculture and forestry, health, biodiversity and human settlements were identified as sectors that needed particular attention.

“To give effect to this policy directive, one of the key steps is to strengthen our adaptation planning capacity. We are therefore embarking on a process to develop long-term adaptation scenarios for South Africa, in order to inform national, provincial and local adaptation strategies,” she stated.

Molewa said that the State-owned enterprises’ climate change policy framework presented an opportunity for government to work with the relevant SOCs to commit to action that would result in emission reductions, while recognising the importance of balancing the climate outcome, with economic growth, job creation and poverty alleviation.

Further, she said South Africa’s launch of the Climate Change Response Policy late last year was an expression of its commitment to finding sustainable solutions to the climate-change challenge.

“This framework also represents part of our commitment to supporting our national effort to transition towards a greener economy,” Molewa said.

South Africa, which is ranked as one of the 30 largest emitters of greenhouse gases globally, has committed to reduce its emissions by 34% below the ‘business as usual’ trajectory by 2020 and by 42% by 2025. This is conditional on developed countries providing resources to support the mitigation efforts.

Meanwhile, the SOCs also pledged their commitment to a greener global economy by signing the United Nations Global Compact (UNGC).

The UNGC is a strategic policy initiative for businesses that are committed to aligning their operations and strategies with ten universally accepted principles in the areas of human rights, labour, the environment and anticorruption, thereby advancing sustainable development.
 

Edited by: Mariaan Webb
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
 
Latest News
Updated 15 minutes ago Creamer Media’s Iron-Ore 2015 report provides an overview of the global iron-ore market, with particular reference to pricing, supply and demand, as well as the trade in iron-ore. It provides information on not only the major mergers and acquisitions, and the trade...
Top aluminium producer United Company Rusal will start producing metal at its Boguchansk project, in Russia, by June and will ramp up output over the following year depending on demand, the company's chief executive said on Monday. Weak aluminium prices are forcing...
Dubal Holding, the holding company for Dubai's stake in Emirates Global Aluminium and other assets, is considering possible acquisitions in local and international energy projects, it said on Monday. The firm was looking for equity interests related to coal, solar,...
More
 
 
Recent Research Reports
Steel 2015: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2015 report provides an overview of the key developments in the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon...
Projects in Progress 2015 - First Edition (PDF Report)
In fact, this edition of Creamer Media’s Projects in Progress 2015 supplement tracks developments taking place under the Renewable Energy Independent Power Producer Procurement Programme, which has had four bidding rounds. It appears to remain a shining light on the...
Electricity 2015: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2015 report provides an overview of State-owned power utility Eskom and independent power producers, as well as electricity planning, transmission, distribution and the theft thereof, besides other issues.
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
 
 
 
 
 
This Week's Magazine
Sappi Southern Africa CEO Alex Thiel
Forest products group Sappi has confirmed the selection of its 25 MW biomass-to-power project, to be erected at its Ngodwana mill, in Mpumalanga, as a preferred bidder under the South African government’s Renewable Energy Independent Power Producer Procurement...
Information and communications technology (ICT) distributor DCC is making Windows- and Android-operating systems tablets available through retailers and education equipment suppliers to provide school children with affordable, high-performance education tools. The...
Another cement manufacturer is set to enter the Ugandan market, raising hopes that prices will come down and spur growth in the construction industry. National Cement, a Kenyan manufacturer, has unveiled plans to invest $195-million in a new manufacturing plant in...
With growth rates exceeding that in the developed world – at an average of between 4% and 5% between 2002 and 2014 – African countries provide investors with ample reason to tap into booming consumer demand says Manufacturing Circle executive director Coenraad...
The South African Chamber of Commerce and Industry’s (Sacci’s) Business Confidence Index (BCI) decreased by 3.7 index points month-on-month to 89.1 in March.
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96