South Africa’s gross domestic product (GDP) could expand at a yearly average of about 2.3% between 2022 and 2050, or more than twice the rate achieved over the past decade, under a scenario where the country transitions towards net-zero carbon emissions, a new World Bank report states. The South Africa Country Climate and Development Report, released on November 1, also estimates that about two to three more jobs will be created by investing in climate mitigation and adaptation than the 300 000 jobs that are likely to be shed in high-emitting sectors, particularly in the coal value-chain.
