BizNews Radio

Alongside other NGOs, we at WWF want to keep nature on the agenda at COP27 and build on the political will that came out of Glasgow. It’s good to see that the political will and the narrative around forests continues but we need more.

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Nedbank’s Africa Head of global commodity finance at Nedbank Corporate and Investment Banking Zhann Meyer talks to us on Adaptation and Agriculture Day at COP27. Meyer believes that banks cannot only be good weather partners to our farmers, they need to run with them throughout the cycle. Meyer adds that banks and farmers need to hold hands to overcome the challenges facing agriculture and ensure that the Agri sector stays stable and sustainable.

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It's Agriculture and Adaptation Day here at COP27 in Sharm El Sheikh, Egypt. Agriculture is one of the largest users of water and land globally and farmers are under pressure to adapt to climate change. John Hudson, National Head of Agriculture at Nedbank, joins us to talk about how farmers must adapt in the face of the climate emergency. Ultimately, they need to produce more with less on less.

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South African Minister of Forestry, Fisheries and the Environment, Barbara Creecy at COP27 makes it very clear that she doesn't want to see developed nations back peddling on the ambitious mitigation targets that they tabled at COP26. The Minister is firm on the fact that the countries that created the climate crisis have no room to retrace their commitments at this stage.

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We are edging towards the end of the first week of COP27 with Friday the 11th focusing on decarbonisation as the overriding theme. The decarbonisation opening session was attended by top global energy and climate officials. A very bright light was shone on the oil and gas industries efforts towards decarbonisation and the huge challenges they face in achieving carbon neutral. Other key conversations involved the built environment which, depending on what source you consult, emit up to 40% of the world’s greenhouse emissions. A key highlight of the day was President Joe Biden attending COP27 after meeting with Egyptian President Abdel Fattah El-Sisi.

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Green building Finance is critical to the successful decarbonisation of South Africa's building environment. Nedbank's green residential housing bond provides Nedbank's client's who are developers and investors in the affordable housing segment with a compelling funding solution for green accredited homes in residential developments aimed at mainly low to middle income earners. Khayise Mashifane Executive Head Property Finance Nedbank Corporate and Investment Banking talks to the details.

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London-based founding director of OMBA, Mark Perchtold, shares his insights into how those investing offshore can avoid getting palpitations each time they see whipsaws in investment markets. His specialist asset manager defrays risk through only investing client money into low cost Exchange Traded Funds – and by diversifying across numerous geographies. While the strategy cannot completely avoid the impact of sharp daily market moves, it is the best wealth creation strategy for those taking a longer view.

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Alain Ebobisse CEO says the recently launched Alliance for Green Infrastructure in Africa (AGIA) is an initiative that is results oriented, rapidly scaling projects from the concept stage to bankability. Ebobisse is looking forward to partnering with more development institutions and private sector players within Africa and globally, to leverage additional resources, so that AGIA we can deploy the $10 billion that has been set as target for AGIA’s green, sustainable infrastructure investments.

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The DA in the Cederberg municipality is accusing the ANC-PA coalition of blocking a motion of no confidence that would remove it from office. Following a recent by-election win in October, a coalition of the DA, Cederberg Eerste, and the Freedom Front Plus, now controls six of the 11 seats in council. It’s a tiny margin but it gives them the majority to remove the ANC-PA from office. In an interview with BizNews correspondent Michael Appel, DA constituency head in Cederburg, Andricus van der Westhuizen, expanded on the state of the “bankrupt” municipality that has changed hands often in recent years. The majority of councillors in the Cederberg council have written to Local Government MEC Anton Bredell requesting his intervention.

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In a dynamic the Roundtable 'Passing the Baton', youth climate activists and practitioners from across the world engaged in a deep dive discussions about adaptation, resilience and loss and damage. At a science focused session entitled "The Sharm El-Sheikh Adaptation Agenda: An Opportunity to Accelerate the Transformation to Resilience", Mahmoud Mohieldin, the UN Climate Change High Level Champion for Egypt, stressed the importance of the role of science in reaching solutions to major challenges such as debt reduction and debt swap for investment in nature as well as adaptation and resilience problems.

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