South Africa needs a modernised electricity system that fosters inclusive economic growth, meets minimum emissions standards and aims for the bottom end of the NDC, enabling cheaper cost of capital and access to trade. We need bold ambition. #JustEnergyTransition
@AfricanClimateF Mr Segun Adaju (Nigeria Economic Summit Group Renewable Thematic lead, CEO Consistent Energy Limited, President, Renewable Energy Association Nigeria) highlights what business in Nigeria is doing to ensure the transition to net-zero.
#NBICOP27#NBIClimateChange#NBIJustTransition
ON NOW: This important discussion forms part of a three-part dialogue series, hosted by @NBISA & @AfricanClimateF to engage & share learnings between business & decision makers building on #AfricaClimateWeek, #ClimateWeekNYC, and other key global moments as we head towards COP27.
Hannah Ryder (CEO @DevReimagined) highlights key themes from Africa Climate Week 2022: "While there was a huge focus on Just Transitions across the Continent in terms of energy transitions, a lot of ambition across Africa was not profiled as highly." @AfricanClimateF #NBICOP27
NBI CEO, Joanne Yawitch, has stressed the significance & opportunities inherent in continent wide collaboration in seeking viable solutions to climate change through an inclusive and collective approach as Business across Africa, especially in the lead up to #COP27. #NBICOP27
ON NOW: @NBISA & @AfricanClimateF are hosting a series of dialogues on #JustTransitions shared learnings across Africa. First event is at 13:00 (SAST), in collaboration with Federation Egyptian Industries, @KEPSA_KENYA & @officialNESG. #NBICOP27 Join live: https://t.co/wiOv5pAFWp
Decarbonising South Africa’s power system requires an unprecedented renewable energy rollout. According to the report “It all hinges on renewables”, at least 190GW of renewables needs to be installed by 2050. Report link: https://t.co/M4PX1pPjGA
New report “It all Hinges on Renewables” highlights SA's power grid infrastructure is inadequate - if not modernised & expanded – could pose a significant barrier to the rollout of renewables at scale. Report here: https://t.co/M4PX1pPjGA
@BCG@BusinessUnitySA#NBIJustTransition
4/4 Key insights from #JustTransition CEO Roundtable:
7. We must be practical about how we manage the Just Transition so orderly & carefully managed. We can't switch off coal tomorrow, but we need to be clear about where we are heading.
@BCG@BusinessUnitySA#NBIJustTransition
1/4 Key insights from CEO Roundtable for “It all Hinges on Renewables” report launch:
1. Policy certainty needed to support transition to electric vehicles
2. Renewables must be built at scale & urgent need to remove renewable energy caps
@BCG@BusinessUnitySA#JustTransition
3/4 Key insights from CEO Roundtable:
5. Must leverage technology & data to drive reskilling & training at scale & at pace
6. Need retention schemes: too many trained & skilled people are leaving the country in response to jobs shortages
@BCG@BusinessUnitySA#JustTransition
2/4 Key insights from CEO Roundtable:
3. Clarity required on #JustTransition for people on ground & how manage social aspects to ensure job creation
4. Dedicated conversations on skills development & skills conversion training required
@BCG@BusinessUnitySA#NBIJustTransition
1/2 As part of @NBISA@BusinessUnitySA@BCG Climate Pathways & #JustTransition study we are co-hosting a CEO Roundtable Discussion focused on what #SA business needs to do to demonstrate leadership for unlocking renewable energy for a Just Transition. #NBIJustTransition#NetZero
We're co-hosting a CEO Roundtable Discussion on #JustTransition for #SA with prominent CEOs:
1. Key actions business must drive now
2. Opportunities for business collaboration
3. Support business needs(government & international community)
@BCG@BusinessUnitySA#NBIJustTransition
@BusinessUnitySA@BCG 4/4 We will also be live streaming a CEO Round Table discussion where our CEO Champions will be discussing the critical next steps to kicking off South Africa’s energy transition.
Event details:
Date: Thursday, 21 July 2022
Time: 13:30PM
Live Stream: https://t.co/H6djAxQ7WN
@BusinessUnitySA@BCG 3/4 Join us as we highlight the importance of renewables for each sectors decarbonisation pathways and the implications and opportunities for South Africa’s economy.
@BusinessUnitySA@BCG 2/4 Findings from the report highlights that South Africa’s Just Transition pathway to a competitive, net-zero economy hinges on unlocking its globally advantaged, high-potential wind and solar energy resources at scale and at an unprecedented pace.
Today we launch the report “It all hinges on renewables” which finds that renewable energy is the key to a competitive & net-zero economy in South Africa by 2050. Download the report to learn more: https://t.co/M4PX1pPjGA
@BCG@BusinessUnitySA#NBIJustTransition#JustTransition
ON NOW: Join us as we launch the report: “It All Hinges on Renewables –The Massive & Urgent Energy Transformation South Africa Needs To Get Right.”
Date: 21 July
Time: 13:30PM (SAST)
Live Stream:https://t.co/H6djAxQ7WN
@BCG@BusinessUnitySA#NBIJustTransition#JustTransition