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Going green presents a huge opportunity and South Africa must seize it

7th June 2024

By: Martin Creamer

Creamer Media Editor

     

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Decarbonisation is presenting South Africa with an exceptional opportunity to grow economically while simultaneously doing what is right. Reindustrialisation is beckoning at a level well within the scope of our know-how.

The green metals and minerals that we are not mining at this stage are there to be pursued, which can generate immense near-term exploration activity, and green building is attracting subsidised loan finance. South Africa has a national climate-accord obligation to build somewhere in the region of 30 GW of renewable energy between now and 2030, which opens the door to green hydrogen development.

South Africa’s target of reducing its greenhouse-gas emissions by 42% which is only six months away and performance-based incentive grants are there for the taking. There should be no stopping us.

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Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

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