Besides balancing, budget also needs greening

Friday, July 05, 2024 | 270 Views |

Green power: The agrivoltaic solar power plant at BUAN is an example of the burgeoning renewable energy initiatives in the country PIC: PHATSIMO KAPENG

A United Nations-backed effort to mainstream sustainability into local public spending is gathering momentum. Beyond saying budget numbers are in the black or the red, they need to be in the green, experts say. Staff Writer, MBONGENI MGUNI reports

Joshua Sibonge, the chairperson of the Green Finance Mainstreaming Working Group, has a delightfully compact and enlightening explanation of why sustainability needs to be incorporated into the country’s budgeting process.

As a principal economist at the Bank of Botswana, Sibonge understands the link between natural resources and whatever definition of economic growth one holds.

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That sounds like good news. But the report also warns that this may simply be because our digital economy is still young, not because we are safe. As more people shop, bank and pay online, criminals will follow.We Batswana do not need a report to tell us that danger is real. Many of us have heard of or fallen victim to KYC scams. A caller impersonates your bank or mobile money provider. They say they need to “verify” your account. They ask...

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