Countries globally are facing the unprecedented challenge of stimulating their economies in the short-and medium-term in response to COVID-19. For a robust economic recovery, it is crucial that they ensure their economies are competitive and sustainable in the long-term. This event aims to build the capacity of city representatives as well as private sector stakeholders to engage on what a post-COVID green economic recovery could look like for South Africa and to share insight into what different stakeholders are doing in the space.
An increased ratio of debt to GDP along with a stagnant economy and the impact of COVID-19 have exacerbated socio-economic challenges of inequality, poverty, and unemployment in South Africa. This leaves South African business, communities and municipalities struggling. To secure finance for immediate relief stimulus and long-term investment at an affordable price, South Africa must demonstrate that we are working to address various forms of climate risk, such as physical and transition risk. We are poised at a unique moment for South Africa to attract investment and financial relief packages that can stimulate a just transition towards a net zero carbon, socially equal, climate-resilient, thriving and sustainable economy.
We invite you to join the Alliances for Climate Action South Africa (a partnership Initiative convened by C40, NBI and WWF), as well as the South African Local Government Association (SALGA), to unpack:
City and business participants in the ACA SA are standing up for a net carbon neutral economy by 2050, taking their own action to get there, and collaborating to do more than they could alone, in order to unlock opportunities to transition our economy. This is one of several Alliances in countries around the world www.alliancesforclimateaction.org.