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‘Disruptions caused by climate change increase the cost of doing business… and dampen employment growth’ – Ramaphosa

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Johnathan Paoli

President Cyril Ramaphosa has highlighted the economic dynamics of climate change as a serious concern for the country, while delivering the opening address at the Climate Resilience Symposium, hosted by the National Treasury, on Monday at the Council for Scientific and Industrial Research (CSIR) International Convention Centre in Tshwane.

The three-day symposium is expected to focus on the integration of climate goals into macro-fiscal and finance policy and mainstreaming climate change considerations into the intergovernmental fiscal system and will finish on Wednesday.

Ramaphosa said the symposium was taking place at a time when the country was witnessing first-hand its extreme vulnerability to the impact of a changing climate.

He cited the recent storms which hit parts of the Western Cape, resulting in a shut down of the port of Cape Town as indicative of the fact that climate change is as much an economic issue as it is

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