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.