{"id":236024,"date":"2022-09-02T13:06:57","date_gmt":"2022-09-02T11:06:57","guid":{"rendered":"https:\/\/mypr.co.za\/?p=120756"},"modified":"2022-09-02T13:06:57","modified_gmt":"2022-09-02T11:06:57","slug":"e-fest-cape-town-to-host-africas-green-economy-summit-to-connect-capital-to-projects-in-feb-next-year","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/e-fest-cape-town-to-host-africas-green-economy-summit-to-connect-capital-to-projects-in-feb-next-year\/","title":{"rendered":"E Fest Cape Town to host Africa\u2019s Green Economy Summit to connect capital to projects in Feb next year"},"content":{"rendered":"<aside class=\"scaip scaip-1 \">\n<aside id=\"republication_tracker_tool-2\" class=\"republication_tracker_tool clearfix\">\n<h5 class=\"adtitle\">Republish for Free<\/h5>\n<div class=\"license\">\n<p><button name=\"Republish This Story\" id=\"cc-btn\" class=\"republication-tracker-tool-button\">Republish This Story<\/button><\/p>\n<p><a class=\"license\" rel=\"noreferrer license noopener\" target=\"_blank\" href=\"http:\/\/creativecommons.org\/licenses\/by-nd\/4.0\/\"><img decoding=\"async\" alt=\"Creative Commons License\" class=\"lazyload\" src=\"http:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/09\/e-fest-cape-town-to-host-africas-green-economy-summit-to-connect-capital-to-projects-in-feb-next-year.png\"><\/a><\/p>\n<p><img decoding=\"async\" alt=\"Creative Commons License\" src=\"http:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/09\/e-fest-cape-town-to-host-africas-green-economy-summit-to-connect-capital-to-projects-in-feb-next-year.png\"><\/div>\n<div class=\"message\">\n<p>Republish our articles for free, online or in print, under a Creative Commons license.<\/p>\n<\/div>\n<\/aside>\n<\/aside>\n<figure id=\"attachment_120757\" aria-describedby=\"caption-attachment-120757\" class=\"wp-caption alignleft\"><a href=\"https:\/\/mypr.co.za\/?attachment_id=120757\"><img loading=\"lazy\" decoding=\"async\" alt width=\"300\" height=\"225\" class=\"wp-image-120757 size-thumbnail lazyload\" src=\"http:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/09\/e-fest-cape-town-to-host-africas-green-economy-summit-to-connect-capital-to-projects-in-feb-next-year-1.png\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-120757 size-thumbnail\" src=\"http:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/09\/e-fest-cape-town-to-host-africas-green-economy-summit-to-connect-capital-to-projects-in-feb-next-year-1.png\" alt width=\"300\" height=\"225\"><\/a><figcaption id=\"caption-attachment-120757\" class=\"wp-caption-text\">E Fest Cape Town concludes in the continent\u2019s first Formula E race Photo: Africa\u2019s Green Economy Summit<\/figcaption><\/figure>\n<p>Africa\u2019s Green Economy Summit, an official E Fest Cape Town event, to be hosted from 22\u201324 February 2023, will focus on the exciting investment opportunities to accelerate Africa\u2019s adoption of renewable energy, clean transport and clean technologies, such as green hydrogen, that can effect social change and development.<\/p>\n<p>Cape Town will host the E Fest from 22\u201325 February 2023*\u2014a curated mix of content and events, showcasing our electric future in the week leading up to the first E-Prix event to take place on the African continent.<\/p>\n<p>\u201cOur role is to be agents for positive change in the South African economy,\u201d says Iain Banner, co-founder of E Movement Pty Ltd and Africa\u2019s Green Energy Summit. \u201cBy staging the summit, we are creating a marketplace to ensure real investment is made into qualifying green economy opportunities, not just in South Africa but deep into Africa too. We are connecting global capital with African green economic opportunity, so as to ensure there is real impact on the ground\u201d.<\/p>\n<p>SA needs to adapt to a green economy<br \/>\u201cClimate change is accelerating the need for a green economy transition in Africa,\u201d Banner explains, \u201cand South Africa needs to adapt to a green economy to remain competitive in the global economy\u201d:<\/p>\n<p>\u2013 South Africa is the 12th highest carbon emitter in the world and the highest emitter in Africa.<br \/>\u2013 Over 90% of transport emissions in SA is caused by road transport, and motorcars in particular, and yet, the uptake of electric vehicles is slow.<br \/>\u2013 The slow adoption of EVs, along with the carbon intensiveness of the national electricity grid, uncoordinated policy frameworks and worsening socio-economic conditions have raised concerns over South Africa\u2019s ability to adapt and remain globally competitive.<\/p>\n<p>Western Cape: top green economy<br \/>\u201cI look forward to participating in this exciting summit\u201d says the Western Cape\u2019s Minister of Finance and Economic Opportunities, Mireille Wenger, \u201cprecisely because building energy resilience is a key priority for the Western Cape Government; not only because we need to mitigate the effects of loadshedding and the resulting economic damage, but also because of the immense potential this sector has to attract investment, grow our regional economy and create jobs\u201d.<\/p>\n<p>According to the minister, the Western Cape is already proudly positioned as one of Africa\u2019s top \u2018green economy\u2019 investment destinations: \u201cWe have a strong green economy ecosystem, which we have worked hard to cultivate, because by prioritising investments in the green economy, we are investing in our future, precisely because the future is green\u201d.<\/p>\n<p>Shaping the continent\u2019s net zero future<br \/>\u201cAfrica\u2019s Green Economy Summit will host finance and investor professionals from across the globe in a meeting place with the intention of connecting capital to projects\u201d says David Ashdown, CEO of VUKA Group, organisers of the summit.<\/p>\n<p>\u201cA global event like the Formula E being held in Africa for the first time will create legacy impact projects that will shape the future of our continent\u201d, Ashdown explains. \u201cMeeting during the week before race weekend, global delegates will contribute towards two days of deep dialogue around the green economy, a day of exciting social activities around the Western Cape and concluding in race weekend in the heart of Cape Town under the majestic Table Mountain\u201d.<\/p>\n<p>He adds: \u201cVUKA Group is very proud to partner with the local organiser of the Cape Town E-Prix to contribute to the programme of events that are designed to create change across the continent.\u201d<\/p>\n<p>Green economy in Africa<br \/>The Summit\u2019s focus on three of seven, interdependent green economy pillars; clean transport, renewable energy, and clean technologies, including green hydrogen, will drive a strong foundation of economic value and development. Due to rapid growth forecasts in population, motorisation, and urbanisation on the continent, it is urgent that these verticals become important to the agenda as transport decarbonisation is a core focus of cities and municipalities across the globe.<\/p>\n<p>The event will highlight investment prospects that exist in the fields of green hydrogen, EVs and hybrid vehicles, energy storage, solar, hydro and wind energy, infrastructure development, smart cities as well as manufacturing. Creating a platform to bring stakeholders together in an environment where people and organisations will connect with information and to each other.<\/p>\n<p>African cities and green-tech start-ups are spearheading the necessary change towards a just transition but require more capital to grow. Catalysing investments across local and international stakeholders is key to fast-tracking the development of projects and infrastructure to enable a net zero economy on the continent. This new era presents an unprecedented opportunity for projects to scale up, further development of infrastructure and re-industrialisation, which will have a significant impact on environmental sustainability and economic growth.<\/p>\n<p>Green economy: UN\u2019s SDGs<br \/>A green economy is defined as \u201csustainable development without degrading the environment. It is low carbon, resource efficient and socially inclusive. It does not replace sustainable development, but creates a new focus on the economy, investment, capital and infrastructure, employment and skills and positive social and environmental outcomes\u201d \u2013 UN Environmental Programme.<\/p>\n<p>Governments across Africa are currently in the process of developing national plans and laying strategies to adapt their economies and growth models towards achieving the UN Sustainable Development Goals of 2030 and the Paris Climate Change Agreement.<\/p>\n<p>\u2013 South Africa\u2019s National Development Plan: Vision 2030 includes a green economy, which is designed to alleviate poverty and reduce inequality by 2030.<br \/>\u2013 Ethiopia\u2019s Climate Resilient Green Economy strategy sets out its commitment to becoming a lower middle-income country by 2025 with no net increase in emissions, while tackling climate risk.<br \/>\u2013 Rwanda is committed to becoming a green economy, reducing emissions by 38% by 2030.<\/p>\n<p>E Fest Cape Town<br \/>Cape Town has become a home to a thriving green economy, creating opportunities to invest in this innovative space. The E Fest in February 2023 offers a week of special events and entertainment to showcase sustainability, e-mobility and renewable energy solutions, underpinned by the international ABB FIA Formula E World Championship.<\/p>\n<p>Also known as the Cape Town E-Prix, it is the first Formula E race to be hosted in sub-Saharan Africa, and the first major open-wheel race since 1993. For the first time, South Africa will be able to witness Formula E\u2019s thrilling line-up in person, as drivers race their electric-powered cars through the streets of Cape Town.<\/p>\n<p>\u201cGO GREEN AFRICA\u201d is the E Fest call to action to businesses and individuals to level up by pledging a commitment to going green.<\/p>\n<p>E Fest Cape Town event dates:<br \/>Africa\u2019s Green Economy Summit<br \/>22\u201324 February 2023<br \/>Venue: Century City Conference Centre (4-star green star-rated for sustainable venue), Cape Town<\/p>\n<p>evrt Africa (Electric Vehicle Road Trip Africa):<br \/>15\u201324 February 2023<\/p>\n<p>E Fest Cape Town Electric<br \/>24\u201325 February 2023<\/p>\n<p>E Fest Cape Town Golf Classic<br \/>Wednesday 22 February 2023<\/p>\n<p>E Fest Cape Town Ride<br \/>Friday 24 February 2023<\/p>\n<p>Cape Town E-Prix: 25 February 2023<br \/>Venue: Green Point<\/p>\n<p>*Subject to FIA calendar ratification<\/p>\n<p>VUKA Group<br \/>Africa\u2019s Green Economy Summit is organised in partnership with E Movement and Bellcrescent Partners by VUKA Group, which has more than 20 years\u2019 experience in serving the business community across Africa. Formerly known as Clarion Events Africa, a leading Cape Town-based and multi-award-winning organiser of exhibitions, conferences and digital events in the infrastructure, energy, mining, mobility, ecommerce and CX sectors, VUKA is an independent B-BBEE compliant company, adapted to the unique conditions of Africa. Other well-known events by VUKA Group include Enlit Africa, DRC Mining Week, Nigeria Mining Week, Smarter Mobility Africa, ECOM and CEM Africa.<\/p>\n<p><a href=\"http:\/\/mypr.co.za\/contact\/featured\/\">CLICK HERE to submit your press release to MyPR.co.za<\/a>.<\/p>\n<p> <span class=\"post-views-icon dashicons dashicons-chart-bar\"><\/span> <span class=\"post-views-label\">Press Release Views since 1 July 2022:<\/span> <span class=\"post-views-count\">58<\/span> <\/p>\n<div class=\"entry-pagination pagination\">Pages: <span class=\"post-page-numbers current\"><span class=\"screen-reader-text\">Page <\/span>1<\/span> <a href=\"https:\/\/mypr.co.za\/e-fest-cape-town-to-host-africas-green-economy-summit-to-connect-capital-to-projects-in-feb-next-year\/2\/\" class=\"post-page-numbers\"><span class=\"screen-reader-text\">Page <\/span>2<\/a><\/div>\n<p><a href=\"https:\/\/mypr.co.za\">Source: MyPR.co.za<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Republish for Free Republish This Story Republish our articles for free, online or in print, under a Creative Commons license. E Fest Cape Town concludes in the continent\u2019s first Formula E race Photo: Africa\u2019s Green Economy Summit Africa\u2019s Green Economy Summit, an official E Fest Cape Town event, to be hosted from 22\u201324 February 2023, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":236025,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[3331,9021],"tags":[3257],"class_list":{"0":"post-236024","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cape-town","8":"category-mypr","9":"tag-mypr","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/09\/e-fest-cape-town-to-host-africas-green-economy-summit-to-connect-capital-to-projects-in-feb-next-year.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/236024","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=236024"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/236024\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media\/236025"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=236024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=236024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=236024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}