GO FOR JOB WEALTH! Green n clean = 462 000 jobs ’

Sunday World - - News - ANDILE APRIL

IT S all sys­tems go for the much

’ awaited 17th Con­fer­ence of the Par­ties (COP17) on Cli­mate Change, which kicks off in Dur­ban to­mor­row.

And al­ready there is talk that the green­ing of the South African econ­omy has the po­ten­tial to cre­ate more jobs.

Ac­cord­ing to the find­ings of the Green Jobs re­port re­leased on Fri­day by the In­dus­trial De­vel­op­ment Cor­po­ra­tion (IDC), the De­vel­op­ment Bank of South­ern Africa (DBSA) and Trea­sury In­fla­tion Pro­tected Se­cu­ri­ties, more than 462 000 new jobs could be cre­ated by green­ing come 2025.

Speak­ing at the re­lease of the re­port at the IDC of­fices in Jo­han­nes­burg, Min­is­ter of Eco­nomic De­vel­op­ment Ebrahim Pa­tel said that in mak­ing the tran­si­tion to a greener and less car­bon-in­ten­sive econ­omy job cre­ation was likely to be boosted.

The re­port in­di­cates that the big­gest con­trib­u­tors to job cre­ation would be ac­tiv­i­ties as­so­ci­ated with nat­u­ral re­sources man­age­ment. How­ever, op­por­tu­ni­ties as­so­ci­ated with en­ergy gen­er­a­tion will be­come in­creas­ingly im­por­tant as a con­trib­u­tor to green job cre­ation.

The ex­pe­ri­ence of sev­eral ad“vanced and emerg­ing coun­tries that have been adopt­ing green ini­tia­tives point to an ex­tra­or­di­nary op­por­tu­nity for South Africa as it pur­sues a job-rich new growth path.

As a con­sid­er­able emit­ter of “green­house gases, South Africa faces the chal­lenge of tran­si­tion­ing to a less car­bon-in­ten­sive growth tra­jec­tory with­out de­lay.

In short, our chal­lenge is to “use less car­bons and more peo­ple in our eco­nomic growth. This is what we mean by a “new growth path,” Pa­tel said.

Jorge Maia, head of IDC re­search and in­for­ma­tion and co-author of the re­port, said a green econ­omy should re­sult in con­sid­er­able ex­pan­sion of pro­duc­tive ca­pac­ity and ser­vice de­liv­ery across a wide spec­trum of eco­nomic sec­tors.

This should be pro­gres­sively “sup­ported by in­vest­ment ac­tiv­ity and re­sult in con­sid­er­able em­ploy­ment cre­ation. The mo­men­tum pro­vided by “the green­ing of an econ­omy is be­ing in­creas­ingly ex­ploited in coun­tries such as the US, the UK, China and Brazil, among oth­ers,” Maia said.

DBSA strate­gic op­er­a­tions ex­ec­u­tive David Jarvis said that, given South Africa s 25% unem

’ ploy­ment rate, the po­ten­tial for greater par­tic­i­pa­tion by lo­cal com­pa­nies in the green­ing of the econ­omy should be re­alised to the fullest ex­tent pos­si­ble.

aprila@sun­day­world.co.za

TOP COP VENUE: Dur­ban In­ter­na­tional Con­ven­tion Cen­tre

GREEN­ING: Min­is­ter of In­ter­na­tional Re­la­tions and Co­op­er­a­tion Maite NkoanaMasha­bane

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