Abu dhabi: A nation's climate action goals and economic ambitions can work in tandem for greater prosperity. This, according to President Cyril Ramaphosa, who spoke during a fireside chat at the Abu Dhabi Sustainability Week 2026, held in that country.

According to South African Government News Agency, President Ramaphosa emphasized that countries undertaking climate action strategies often experience economic growth as a result. He described climate action as both a driver and enabler for economic growth, noting that embracing clean energy leads to the emergence of new technologies and economic opportunities. This creates new sub-sectors within the economy while phasing out others, fostering a mutually inclusive and reinforcing approach.

President Ramaphosa cautioned against focusing solely on economic growth or climate action, as either approach alone could lead to negative outcomes. He advocated for a dual strategy that could propel economic progress by addressing both areas simultaneously.

Reflecting on South Africa's efforts to secure financing for the Just Energy Transition, President Ramaphosa highlighted the country's proactive climate plan and agenda. This approach enabled South Africa to secure innovative blended finance arrangements, including grants and concessional financing, which were crucial in attracting over R110 billion in investments, particularly in the Northern Cape. He praised the cooperative process with financiers, contrasting it with past experiences where financiers imposed conditions.

President Ramaphosa also discussed Africa's potential as an exporter of green energy, given its abundant solar, wind, and hydropower resources. He viewed the continent's lack of electricity for 600 million people as an opportunity to harness these resources and add value to its mineral wealth. By leveraging solar and wind power, Africa could become a major energy exporter, inviting investors and financiers to participate in its growing infrastructure development and energy generation initiatives.

In conclusion, President Ramaphosa invited global investors to explore the vast opportunities in Africa, emphasizing that energy generation and infrastructure development would drive significant economic growth on the continent.