Economy Growth And More Jobs Through Green Investments

07 Aug 2013

A new assessment conducted on the impacts of green investments in South Africa’s four key economic sectors: energy, natural resource management, transport and agriculture, indicates that investing in the environment and improving the management of natural resources can significantly increase the availability of water, create 170,000 additional jobs in South Africa and increase South Africa's crop yields by almost a quarter. Edna Molewa, Minister of Water and Environmental Affairs, South Africa released these key findings at a ceremony in the uPhongolo Local Municipality where a new community based Green Fund Project was launched. South African Green Economy Modelling, a study regarding the Green Investments shows that investing in a resource efficient and low-carbon green economy is paramount for South Africa’s sustained well-being and economic growth. The report finds that investing in renewable energy, green buildings, and low-carbon technologies can create more jobs than a business while supporting the same level of economic growth. With an added advantage of Green Investments being lower emissions of greenhouse gases and less environmental damage. Edna Molewa insisted that South Africa is committed to pursuing and exploring opportunities to include, resource-efficient, low-carbon green economy. She also said that this study establishes that a green economy approach, that takes into account South Africa’s social, environmental and economic aspirations, can deliver as much growth as a business model, but in a more sustainable manner.

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