Why homeowners need to act on climate change – and the money they’ll save

Climate change may rank low on the average South African’s list of concerns, but according to Standard Bank’s Head of Climate Solutioning for Personal and Private Banking Clive Spitz, households are already being affected.

Notably, the World Meteorological Organization declared 2023 the hottest year on record since global records began in 1850, with the annual average global temperature approaching 1.5 degrees Celsius above pre-industrial levels. It’s no surprise, then, that South Africa has been experiencing increasing numbers of extreme weather events.

Even though Sub-Saharan Africa has emitted the least globally, it is the region that will suffer the most. This is mainly due to a lack of resilience to climate change.South Africans need only look at the country’s ongoing power and water crises to know that early preparations to mitigate the impact of a nationwide issue are critical.Spitz said families must consider emerging weather patterns in their region and take steps to ensure their properties will be able to deal with the impact.

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