Johannesburg and Cape Town have done South Africa proud by scooping prizes at the C40 City Climate Leadership Awards 2015 in Paris for best green finance and economic development and best adaptation implementation projects respectively.
Durban madeit as a finalist. The two metros collected two awards each, competing against the world’s developed cities looking for ways to mitigate catastrophic climate change.
Johannesburg won its award for the first-ever listed green bond in South Africa.
“This bond has helped the city to diversify its portfolio. It cements the city’s commitment to responding to climate change and provides an opportunity to accelerate the advancement
of new technologies and environmental solutions,” Sema said.
The bond will support the city projects including its integrated waste management system in ensuring at least 70% of the waste is diverted to landfill, encouraging the re-use of water,
and energy management through the implementation of renewable sources of energy.
The Green Bond has been commended for creating funding opportunities to assist the city in preparing and implementing integrated inclusive and long-term adaptation strategies to reduce vulnerability.
Cape Town won for its innovative water conservation and water demand management programme aimed at minimising water losses.
As a result water demand growth has been reduced to less than 2% per annum and water losses have been reduced to 15%, resulting in total water savings of about 30%.
“Since 2007, the project has resulted in a direct estimated savings of 58 473 ton CO² per year or 286 950 ton CO² through energy savings at pump stations and waste-water water treatment works due to reduced water demand,” Salga spokesperson Tahir Sema said.