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Green Economy Programme & New Growth Path. Presentation to Portfolio Committee 16 February 2011. Green economy as a government priority. Medium Term Strategic Framework 2009 - 2014: For longer-term growth,
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Green Economy Programme & New Growth Path Presentation to Portfolio Committee 16 February 2011
Green economy as a government priority Medium Term Strategic Framework 2009 - 2014: • For longer-term growth, • implementation of Industrial Action Plan to support broad-based industrialization including more advanced manufacturing, & encouraging cleaner, lower-energy technologies and green jobs • To pursue & explore further the concept of Green Jobs including scaling up labour intensive natural resources management practices that contribute to decent work and livelihood opportunities.
Green economy as a government priority (2) Framework to the international economic crisis, 2009: • development of incentives for investment in programmes geared at creating large number of 'green jobs', i.e. employment in industries and facilities that are designed to mitigate impacts to the environment and natural systems and the protection thereof Outcome 4 • Decent employment through inclusive economic growth Outcome 10 • Environmental assets and natural resources that are well protected and continually enhanced New Growth Path • Green Economy as one of the 6 key economic growth drivers
New Growth Path (NGP) & Green Economy • Key Job Drivers in NGP • infrastructure • the agricultural value chain • the mining value chain • the green economy • manufacturing sectors, which are included in IPAP2, and • tourism and certain high-level services.
Overall enablers of implementation Regulatory framework Market-based instruments Innovation, science and technology Investment, finance opportunities and financing instruments including leveraging of funds Greater localisation and manufacturing Availability of skills Institutional capabilities and capacity Partnerships
Pre-requisites for resource mobilization *Generic programme pillars are assumed to match available resources *Projects within each programme should be scalable, replicable and capable of being prepackaged and aggregated as an investment bundle
High level Financial Resources Scan Significant financial resources already in circulation in the SA economy investing in R&D , capacity building, pilots plus concessionary lines for bankable projects. Energy related programmes accounts for over 50% of international and 80% of local DFI funds Green economic policy instruments are being explored by the National Treasury and their impact on the fiscus may be adjusted accordingly Short term need to provide a national information portal on access to green resources
Results of 1st Expression of Interest 1st EOI: 154 project proposals and based on findings the waste, energy and agriculture have highest job intensity, significant opportunities for localisation and most environmentally beneficial in the short to medium term. 2nd EOI: [200] projects received focusing on green industry potential (manufacturing & localisation), results pending from EDD and IDC.
DEA Other potential Major green economy projects (Unfunded and contribution to EPWP numbers)
Potential Environment Sector projects Summary (excluding EPWP figures)
Process to date and next steps: Towards A Green Economy Programme
Way Forward Build up a comprehensive portfolio of projects Target specific funding streams and allocate the necessary funds Commence implementation before end of financial year 2011/12
