There is significant tension not so much between the need for economic development and the need for climate action, but rather between the losses expected to be incurred as a result of climate inaction and the immense opportunities for growth that result from taking action, World Wide Fund for Nature (WWF) programme manager Louise Naudé has said. Speaking during a panel session at the Southern African Venture Capital and Private Equity Association’s 2022 conference, in Johannesburg, on May 26, she said the idea that we have to somehow balance socioeconomic and environmental needs to effect a just energy transition was a false dichotomy, because pursuing climate goals would create immense socioeconomic opportunity.
