Business Partners says KZN floods demonstrate the effect of climate change and SA needs to take action.The Finance Corporation and Business Partners have launched a R720-million green building financing programme for SA.
A R720-million funding package to help make more buildings"green" in South Africa is just one step towards reducing weather catastrophes such as devastating floods and runaway fires, which have had a disastrous impact on the country. Greening by installing solar panels, water conservation systems and other technologies, Business Partners estimates that each building will reduce its electricity and water consumption by at least 20%.
Bierman said as a country with the 16th highest carbon emissions in the world, primarily through our coal-fired power stations, SA has to date still been spared some of the worst possible effects of climate change. So far, it has mostly battled with droughts. But he believes the recent KZN floods should serve as a wake-up call.
"So, if we need to tackle climate change and vulnerability, addressing green buildings is going to be critical to meet our climate goals," she said.
Fin24 What a load of kak! Fossil fuels, as the world will reduce by 50% per n the next 5yrs - SA is only set to reduce in 50yrs
Fin24 500 million to sbale Motsepe
Fin24 What a load of BS. Like all other projects there will be over runs on the budget, because a three quarters will be stolen.
Fin24 It's 1 step closer for anc to steal more money