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E Fest Cape Town to host Africa's Green Economy Summit to connect capital to projects in Feb 2023
By: Africa's Green Economy Summit
Cape Town will host the E Fest from 22–25 February 2023*—a curated mix of content and events, showcasing our electric future in the week leading up to the first E-Prix event to take place on the African continent.
"Our role is to be agents for positive change in the South African economy," says Iain Banner, co-founder of E Movement Pty Ltd and Africa's Green Energy Summit. "By staging the summit, we are creating a marketplace to ensure real investment is made into qualifying green economy opportunities, not just in South Africa but deep into Africa too. We are connecting global capital with African green economic opportunity, so as to ensure there is real impact on the ground".
SA needs to adapt to a green economy
"Climate change is accelerating the need for a green economy transition in Africa," Banner explains, "and South Africa needs to adapt to a green economy to remain competitive in the global economy":
- South Africa is the 12th highest carbon emitter in the world and the highest
emitter in Africa.
- Over 90% of transport emissions in SA is caused by road transport, and motorcars in particular, and yet, the uptake of electric vehicles is slow.
- The slow adoption of EVs, along with the carbon intensiveness of the national electricity grid, uncoordinated policy frameworks and worsening socio-economic conditions have raised concerns over South Africa's ability to adapt and remain globally competitive.
Western Cape: top green economy
"I look forward to participating in this exciting summit" says the Western Cape's Minister of Finance and Economic Opportunities, Mireille Wenger, "precisely because building energy resilience is a key priority for the Western Cape Government; not only because we need to mitigate the effects of loadshedding and the resulting economic damage, but also because of the immense potential this sector has to attract investment, grow our regional economy and create jobs".
Shaping the continent's net zero future
"Africa's Green Economy Summit will host finance and investor professionals from across the globe in a meeting place with the intention of connecting capital to projects" says David Ashdown, CEO of VUKA Group, organisers of the summit.
Africa's Green Economy Summit