Funds allocated to climate-related disaster resilience

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Finance Minister, addressed climate change challenges with a dedicated resource pool for local infrastructure amid growing climate pressures.

The South African government is taking proactive steps to address the challenges posed by climate change on local infrastructure. In response to the growing pressures imposed by climate change, a dedicated resource pool has been established.

“In this regard, R372 million has been added to the Municipal Disaster Response Grant, while R1.

Additionally, the National Treasury has initiated a climate budget tagging system to integrate climate considerations into public financial management processes. The project has progressed through consultation, awareness-raising workshops, and piloting across different government levels.

 

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