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Ramaphosa at the Treasury symposium addresses the urgency of climate action.
(The Post News)- On July 15, President Cyril Ramaphosa addressed the National Treasury Climate Resilience Symposium 2024 at the CSIR International Convention Centre in Pretoria.
The symposium, themed ‘Moving the Needle on Climate Change and Just Transition: The Role of the National Treasury,’ focused on integrating climate objectives into macro-fiscal and budgetary policies, aiming to enhance government coordination in addressing climate challenges.
Ramaphosa has highlighted the significance of the symposium, expressing that the National Treasury is central to their reaction to both the stuns of climate change and the potential openings to utilise this fair move as a springboard to construct a more comprehensive, strong, and maintainable economy.
He underscored the criticality of activity, commenting on the truth that “we are in reality confronting a climate challenge of crisis extents. Hesitation and moderate activity are not alternatives for us.”
Ramaphosa emphasised the need for an adjusted approach, cautioning that acting quickly may hurt the economy, whereas inaction may jeopardise financial steadiness.
Ramaphosa, moreover, tended to the social effects of climate change, taking note that “society’s most powerless bear the brunt of climate change since they have constrained implies to get ready for, adapt to, and recoup from climate-related unfavourable impacts.”
Besides, he talked about South Africa’s commitment to decarbonisation, highlighting that “South Africa will decarbonise at a pace and at a scale that’s reasonable to our economy and society.”
President Ramaphosa said that the emissions-intensive vitality framework is likely to progressively weaken our competitiveness in worldwide markets, recognising our chronic dependence on fossil fuels for financial development.
After highlighting the need for a fair position in a low-carbon economy, it is just and comprehensive, and no labourer and no community ought to feel that it’s been cleared out.
Ramaphosa also called for international support, encouraging developed countries to fulfil their fund commitments.
He asserts that residing within the Global South, which bears the brunt of climate change impacts, requires significant investment in building economic foundations, fostering green innovations, and supporting social programmes.
The symposium commenced on July 18 and will conclude on July 18, which has so far brought together ministers, deputy ministers, senior government officials, academia, the private sector, and climate specialists to talk about and strategize on joining climate contemplation in South Africa’s monetary approaches.
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