Innovative Funding to Secure South Africa's Just Transition?

President Cyril Ramaphosa has said that a "one-size-fits-all approach" to funding South Africa's Just Transition risks disregarding African realties and cannnot work. Ramaphosa was speaking at the COP27 climate conference in Sharm el-Sheikh, Egypt.

Ramaphosa said that there is a need to promote the use of non-debt instruments to ensure that developing economy countries do not have to shoulder an even greater debt burden.

The "just transition" movement aims to reduce the negative impacts on workers and communities of transitioning to a zero-carbon economy while ensuring that benefits are fairly distributed, according to World Resources Institute.

InFocus

Cyril Ramaphosa, President of South Africa.

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