Eco Minute 13:30

BULLETIN 22 August 1:30 pm

Good afternoon, here is your Eco Minute:

# Researchers have called on the South African Reserve Bank to adopt a more flexible monetary policy framework that accounts for climate risks. Authors Admire Chirume, James Hurungo, and Brandon Chinoperekweyi warn that extreme weather, droughts, floods, and supply disruptions could drive up production costs, inflation, and interest rates, threatening growth and jobs. The authors recommend climate-informed policies, stress-testing scenarios, and investment in resilient infrastructure to safeguard the economy against rising environmental risks.

# University of the Witwatersrand professor of Philosophy, Lucy Allais, says wealthy countries have climate obligations to finance the energy transition and mitigate the climate crisis. Currently, sub-Saharan Africa receives just five-percent of global climate finance to pay for mitigation, such as renewable energy projects and to adapt to the effects of global warming. Allais says while wealthy nations should be obligated to reverse climate change, developing countries have an entitlement not to reduce emissions:

# And finally: JSE-listed Reit Growthpoint Properties will become the first in South Africa to certify renewable energy use at the building level, and make verified renewable energy certificates directly available to tenants. Together with Fuel Switch, they will roll out a blockchain-enabled green energy product for tenants when their e-CO2 green energy initiative goes live in October. Growthpoint’s Werner van Antwerpen says they will supply hydropower from the Boston Hydroelectric Plant in the Lesotho Highlands Water Scheme to ten office buildings in Sandton, Johannesburg:

Stay tuned for more news………….