BARBARA CREECY: Long-term financial resources required for Africa’s journey to net zero

Significant long-term financial resources, at concessional rates, are needed to introduce new technologies and open up significant new job creation opportunities for SA to join other nations that are benefiting from the green technological transition across the world.

There is already evidence that the market value of equities of firms in some heavily polluting industries is being affected by policy measures and market trends related to a transition to a low-carbon economy. Studies show that the discounted loss in global wealth that could result from stranded assets may range from $1-trillion to $4-trillion, or less than 3% of global managed financial assets...If you have already registered or subscribed, please sign in to continue.

flowery language to address a vague threat which will have enormous sums of money flowing through political hands for a long time with no means to measure success . sounds like the perfect political grift to get exceedingly wealthy .

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