The Department of Forestry, Fisheries and the Environment (DFFE) is looking towards attracting more investors by removing bureaucratic delays that stop businesses from investing in sustainable industries.
According to the Minister of DFFE, Dr Dion George, South Africa has the potential to be at the forefront of the green economy. “Our vast renewable energy potential, our forestry-based carbon markets, and our sustainable fisheries sector all present opportunities for attracting much-needed investment. However, to fully unlock this potential, we must remove obstacles that hinder growth,” he said.
The minister further points out that the countries that foster an environment conducive to green investment will lead the way in economic growth and job creation over the next decade. He made this remark following his participation in the recent World Economic Forum (WEF) in Davos, Switzerland, where discussions highlighted that global investors are increasingly looking for opportunities in sustainable industries.
“These sectors hold immense potential, not only to protect our environment, but also to drive economic expansion and employment opportunities, particularly in rural and coastal communities,” the minister concluded.
Compiled by Clement Matroos
clement@mahareng.co.za
