Financing a Sustainable Economy: Technical Paper 2020

According to Financing a Sustainable Economy: Technical Paper 2020, "Addressing both climate change and South Africa’s development agenda will require the reallocation of capital, the mobilisation of new financial resources and the strategic realignment of existing resources (public and private) over the short, medium and long term. Treasury is seeking to protect the economy and unlock economic opportunities that will enhance the country’s ability to adapt to the rapidly changing climate and realise socio-economic benefits from the transition to a lower carbon, greener economy and build resilience to create a safer financial sector to better serve South Africa."