President Cyril Ramaphosa of South Africa announced the country's ambitious goal to achieve net zero carbon emissions by 2050. In a speech at the Climate Resilience Symposium in Pretoria, he outlined the revised Nationally Determined Contribution that balances developmental needs with economic realities. The plan includes the implementation of a carbon tax to lower greenhouse gas emissions, incentivize companies to reduce their carbon footprint, and generate revenue for climate initiatives. The government has launched various initiatives like the Renewable Energy Independent Power Producer Procurement Programme and the Just Energy Transition Investment Plan to meet emissions targets and invest in green technologies. President Ramaphosa stressed the importance of a just transition to a low-carbon economy, ensuring no worker or community is left behind. He highlighted the need for substantial investments in renewable energy, green hydrogen, electric vehicles, and skills development. The President also called for international partners to fulfill commitments to finance mitigation and adaptation efforts. He emphasized the importance of leveraging public and private finance, innovative financing solutions, and domestic capital to achieve climate goals. The announcement of the Just Energy Transition Funding Platform and broader financing mechanisms signals South Africa's commitment to a successful transition to a greener economy.