DAY 4 of World Economic Forum: Mining and Energy
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GUEST – Dr. Nombasa Tsengwa - CEO of Exxaro Resources
Key among sectors to be highlighted at the WEF meeting is energy. South Africa, in pursuit of a just transition away from fossil fuels, is seeking sustainable development-driven solutions to ensure access to electricity for its growing population and industrialised economy while still working hard to address current challenges in its national grid.
Its comprehensive Just Energy Transition Implementation Plan lays out the way forward but also necessitates collaboration with global partners, in finance, capacity building amongst other ways.
But while it embarks on this journey, the South African government is committed to ensuring that workers and communities in affected industries are not left behind. It believes the transition must be based on the principles of equity and differentiation, allowing for differentiated pathways.
Developed countries are creating space for regions such as Africa to pursue sustainable development pathways and find ways to leverage their natural resources.
However, there are other potential challenges. South Africa is mindful that the journey to net zero globally raises challenges for African trade, for example, the introduction of carbon border tax adjustments on imports and other measures.
Key among sectors to be highlighted at the WEF meeting is energy. South Africa, in pursuit of a just transition away from fossil fuels, is seeking sustainable development-driven solutions to ensure access to electricity for its growing population and industrialised economy while still working hard to address current challenges in its national grid.
Its comprehensive Just Energy Transition Implementation Plan lays out the way forward but also necessitates collaboration with global partners, in finance, capacity building amongst other ways.
But while it embarks on this journey, the South African government is committed to ensuring that workers and communities in affected industries are not left behind. It believes the transition must be based on the principles of equity and differentiation, allowing for differentiated pathways.
Developed countries are creating space for regions such as Africa to pursue sustainable development pathways and find ways to leverage their natural resources.
However, there are other potential challenges. South Africa is mindful that the journey to net zero globally raises challenges for African trade, for example, the introduction of carbon border tax adjustments on imports and other measures.
