Engineering News, 25 October 2011
South Africa, which is hosting the next round of global climate change negotiations in Durban later this year, would work to strengthen environmental and climate change policies over the next three years and would aim to secure global and private sector funding for green interventions.
In the Medium-Term Budget Policy Statement (MTBPS), the National Treasury also stated that it was considering environmental monitoring linked to appropriate fiscal instruments and capacity support interventions.
The R25-billion competitiveness support package over the next six years to boost industrial development, would also build on several broader programmes, including the country’s transition to a green economy.
Finance Minister Pravin Gordhan said the alignment of trade, investment and energy policies would support the transition, including private sector participation in the country’s renewable energy programme.
“Improving environmental management and addressing climate change resilience are key policy objectives,” the MTBPS stated.
The country increased its spend on environmental protection at an average yearly rate of 11% from R38.5-billion in 2008/9 to R52.4-billion in 2011/12.