SA is waiting for a climate finance bailout, but keeps pursuing 'dirty tech'

accreditation
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
0:00
play article
Subscribers can listen to this article
South Africa is the 12th biggest emitter of greenhouse gases in the world.
South Africa is the 12th biggest emitter of greenhouse gases in the world.
Getty Images

South Africa, the world's 12th biggest emitter of greenhouse gases, can't keep waiting for financial support from developed nations if it is serious about fighting climate change, according to an industry expert.

Last week during a webinar hosted by the Institute of Social and Economic Research at Rhodes University, Professor Martin Gustafsson presented his working paper which considers the effectiveness of carbon taxes in helping South Africa reach its emissions reductions targets.

The paper notes that 43 of the developed and rich countries in the world accounted for 60% of greenhouse gas emissions linked to human activity (before 2010). These nations account for 17% of the world's population. "History is important to consider what is fair. Rich countries need to take a leadership role and do a lot to reduce global emissions," said Gustafsson.

Support independent journalism
Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism. You can cancel any time.
Subscribe
Already a subscriber? Sign in
Rand - Dollar
14.81
+0.6%
Rand - Pound
20.41
+0.2%
Rand - Euro
17.27
+0.5%
Rand - Aus dollar
11.11
-0.0%
Rand - Yen
0.13
+0.4%
Gold
1,809.11
+0.9%
Silver
24.57
+1.1%
Palladium
2,053.00
+1.2%
Platinum
1,057.50
+1.4%
Brent Crude
85.53
+1.1%
Top 40
60,580
+0.1%
All Share
67,172
+0.1%
Resource 10
63,244
+1.0%
Industrial 25
86,436
-0.8%
Financial 15
13,915
+0.7%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
Facebook is facing a fresh crisis after a former employee turned whistle-blower leaked internal company research . Do you still use Facebook?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, the benefits outweigh the risk for me
25% - 266 votes
No, I have deleted it
45% - 472 votes
Yes, but I am considering deleting it
30% - 314 votes
Vote