Excerpt from an article by GreenCape, published in the 4th edition of Vision 2030

According to Annelize van der Merwe (Director: Green Economy Industries, Investment South Africa, Department of Trade & Industry) the green economy is one of the sectors earmarked by the dti, through consecutive iterations of the Industrial Policy Action Plan, as having high growth and investment potential.

Chapter 5 of the National Development Plan (NDP) is clear on the necessary tenets of a transition to a low carbon and resource efficient economy for South Africa.

The coordinated implementation of policies and frameworks such as the Industrial Policy Action Plan (IPAP) and the Green Economy Accord has ensured alignment across a number of industries and government departments to contribute to green growth and investment.

Through cooperation with the United Nations Conference on Trade & Development (UNCTAD) on Investment for the Sustainable Development Goals, InvestSA, in partnership with a number of provincial and local government entities, have promoted investment in a number of green economy projects. At the 2018 World Investment Awards in Geneva, Switzerland, InvestSA was recognised for its contribution in promoting sustainable investment.

During the recent South African Investment Conference hosted by the President, it became clear that to make South Africa attractive as an investment destination we need amongst others to guarantee access to reliable clean energy; A number of potential investors indicated a requirement to report 100% clean energy to their shareholders. Investors further require improved sustainability reporting to justify their participation in the South African economy.

The anticipated investment in renewable energy alone is estimated at USD48.3-billion up to 2030. Renewable energy projects added about 3 774MW to the grid between 2011 and December 2017, while a total of 6 426MW has already been procured through seven bid windows. (According to the Case for Investing in South Africa).

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