Build back a decarbonized South Africa

Build back a decarbonized South Africa

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FinBiz2030 South Africa SDG 13 Taskforce started this petition to Tito Mboweni

FROM RESCUE TO RECOVERY: A call to action to build back a decarbonised South Africa

SDG 13 Climate Action – Target 13.2 Integrate Climate Change Measures into Policies and Planning

As members of FinBiz2030 (a joint initiative between SAICA, One Young World and Chartered Accountants Worldwide (CAW)) taking action on SDG 13 – Climate Action;

We invite young professionals and citizens of our beautiful country to call to action the Minister of Finance, Tito Mboweni, to implement a post-COVID19 recovery plan that will accelerate South Africa’s transition to a low-carbon economy, and take advantage of the many Green Stimulus opportunities available to create jobs and develop a sustainable, resilient and inclusive economy.

The COVID-19 crisis has delivered a dramatic shock to the global economy that could affect progress on tackling climate change in multifaceted ways.

SDG 13 - Climate Action – requires governments “to Integrate Climate Change Measures into Policies, Strategies and Planning.” This closely aligns to Chapter 5 of South Africa’s National Development Plan (NDP) for transition to a low-carbon economy, where little progress has been made. 

The South African Government must urgently steer investment towards a balanced portfolio of sustainable financial, manufactured, intellectual, human, social, relationship and natural capital as part of its COVID-19 State of Disaster recovery plan.

This recovery plan must deliver on Chapter 5 of the NDP and be aligned with the objectives of the Paris Agreement, which require government signatories to ensure that finance flows are consistent with a pathway toward low greenhouse gas (GHG) emissions and climate resilient development.

As we build back better now is the moment to break our destructive reliance on fossil fuels by implementing a recovery plan that is Climate Action focused, to decouple economic growth from GHG emissions and reduce existing social inequalities.

As young professionals in South Africa, we call upon the National Treasury to prioritise investments in five key areas. They are well-placed to contribute to achieving economic and climate goals for long-term, inclusive and sustainable economic recovery.  These are:

1.            Low-carbon physical infrastructure investment.

2.            Building efficiency retrofits.

3.            Climate jobs - investment in education and training to address immediate unemployment from COVID-19 and structural unemployment from decarbonisation.

4.            Natural capital investment for ecosystem resilience and regeneration.

5.            Clean energy Research and Development.

As our state’s response to COVID-19 moves from rescue to recovery, our policymakers have the responsibility to take urgent action for investment in productive, low-carbon assets for the long-term to support our transition to cleaner energy sources.

Climate justice is social justice. An economic recovery focused on prioritising this can boost our economy with proactive climate-necessary interventions and infrastructure. Continuing our reliance on fossil fuel-intensive investments will render our economy uncompetitive on a global scale, entrench inequalities and make it increasingly difficult to prevent global temperature increases above 1.5 degrees Celsius.

National Treasury must deliver a recovery package that achieves both climate and economic goals. This is certain to have better prospects for increasing national prosperity, as well as enhancing productive human, social, physical, intangible and natural capital that is consistent with pathways to climate resilient development. 

 

 

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