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GRAY MAGUIRE: Great strides made preparing the ground for green investments

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The World Bank estimates that $1.38-trillion is needed for climate mitigation in SA 🔒

In May 2020, the National Treasury released a technical paper titled “Financing a Sustainable Economy”, the aim of which was to provide an overview of the essential legislation, trends, developments, risks and opportunities for the constituent components of the SA finance sector.

One of the recommendations was establishing a “taxonomy” to assist in building credibility and consistency in sustainable investments, along the lines of the EU’s green taxonomy. The initiative supports complementary efforts by other private and public sector actors, including the JSE’s recent expansion of its green segment.

 

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