Transitioning to a green economy: What are the key mechanisms available to the public sector to enable an environment for private sector investment in transitioning to a green economy within (South) Africa? Case analysis: lessons from the Western Cape government
Author(s)Taylor, Stephen A
Full recordShow full item record
AbstractThe purpose of this research is to gain a broader understanding of the mechanisms available to the public sector in creating an enabling environment for private sector investment in transitioning to a green economy. The context of this analysis is more specifically within South Africa, with insights from a wider African perspective. To provide additional insight into this interplay this study utilized the Western Cape Government, a province in South Africa, as a case study to understand the complexities required in making such an environment possible. To effectively analyze such mechanisms this report conducted a literature review to provide an overview of the current perspectives on what a green economy is, what the nuances are within the South African context, as well as the approaches and capacities available to the public sector in enabling such an environment. This study was conducted using a qualitative approach through inductive analysis and interviews with key players in this spectrum of thinking. These interviews were conducted with experts from the private sector, the public sector, non-governmental organizations, academics, and international experts. This holistic perspective allowed for a multi-dimensional review of the current barriers in place, and the potential solutions available. The insights pointed to the complexity and qualitative nature of this transition and emphasized the need for greater intergovernmental cooperation; a lack of effective communication mechanisms between the private sector and entrepreneurs in the green economy; as well as issues surrounding the clarity of what is a green project and how to effectively invest, including the bureaucratic red tape. Additionally, the change required for such investments requires risks and unknowns, something both the public and private sectors are seemingly unwilling to take without more quantifiable returns.