Despite experiencing slow and fragile economic growth burdened by structural problems like high unemployment and inequality, South Africa is scaling up its current ambitious efforts to address climate change. Minister of Tourism, Derek Hanekom, said the SA government was investing almost 6% of GDP on adaptation measures and that the country had the requisite institutions, accountability and governance systems to make the best use of available financial resources. Speaking at the COP24 climate change conference in Poland, Hanekom said: “We are confident that by drawing on international best practices sourced from conferences such as this, making good use of international support and realising the full potential of our own human and material resources, we will succeed in securing a just transition to a low carbon economy.” – Fin 24

Click here to read the full article.