SOUTH AFRICA (Commonwealth Union) – The entire world is looking to make their carbon foot print as small as they possibly can. The whole concept of a green economy is becoming a fast-moving trend as countries are looking for ways to make their country a greener place to live in. However, some of the solutions put forward are not exactly budget friendly and most countries who are not super powers will struggle in implementing these solutions if they are passed at COP27.
South Africa is very much interested in implementing solutions to make their economy a green one, but as President Ramaphosa is a speaker at COP27 in Egypt, he plans on asking for better and cheaper ways to make the economy of his country greener.
He has stated that he one size fits all does not work for African countries. Only because all African countries are different. They have different climates, different economies and different incomes. For example, what is a suitable solution for Norway will not be a suitable solution for Uganda.
President Ramaphosa further stated that developing countries would be more interested and enthusiastic about the solutions if there it was debt free. Developing economies along with under developed economies are weary of the mountain of debt they have to pay.
Countries that have under developed economies don’t have a lot of financing options as most of their money goes of to paying debts. The solutions given at COP27, whilst being absolutely amazing in the term of helping countries make their economies green, they do not cater to all countries.
South Africa has always maintained that with the dollar going up they have to make difficult decisions regarding their country’s financial priorities. President Ramaphosa made it very clear that the people will not starve just so that the economy will be made green.
