South Sudan: The Climate Change & Green Bankers

The Climate Change has two sides of a coin. It is either; (1) a threat to our lives, or (2) a surety for our future generations free from environmental shocks and Carbon-Related complications or any other forms of external mutation. 

For this reason, the Global Warming—currently at (2.0 Celsius) automatically becomes one of the biggest African Problems of our times in the 21st Century, which nevertheless, commanded our collective attention, increased resource mobilization leading to renewed calls for Greener-Financing or Greener-Banking initiatives to reduce emissions to (1.5 Celsius) or lower in the World.

The Climate Change in South Sudan

Unfortunately, From the last quarter of 2019, towards Covid-19 Pandemic through Flooding, through Ukraine war today, the Climate Change has been paranoidly waking us from a decade long deep sleep and will continue to wake us at the cracks of every dawn in South Sudan from climate nightmares as; Flood, Drought, rising water levels, Stunted-growth and crop failure, swam of locusts invasions, animal diseases, extreme temperatures among others. All of which have negatively pointed fingers to the recent environmental shocks brought about by Increased hydro-Carbon emissions [2.0 Celsius] into the atmosphere, believed to have been triggered by human activities. South Sudan is believed to be one of African countries at risk of Climate Change.

As part of remedial actions to reduce Carbon by 1.5 Celsius or phase out emission in 2063, new strides and footprints of climate advocacy and activities have been visibly observed every morning from a handful of African countries in partnership with a few humanitarian NGOs [UNEP, Unicef, UNHCR, UNDP] and other development agencies like African Development Bank, International Monetary Fund (IMF) and the World Bank Group which only present hopes for Sub-Sahel and other African countries to invest in Green-Hydrogen, Geo-Thermal and Solar energy such as solar-driven-boreholes & clean energy for community-healthcare/school-solar installation programs. South Sudan is on board and has embarked on that route which have just taken off. It is currently marking or initiating strategic sites for climate change investment. The Private Sector is not to be left behind as it is responsible for provision 90% incentives of labour supply and pivotal for national economic growth in this journey- it needs more liquidity to strengthen its operations in order to maintain the market equilibrium pushing continuous supply of incentives, labour supply, climate change equipment, technology and renewable energy supplies such as [pay-as-you-go panels, mini-grid energy absorbers] for lighting purpose as well as charging portable devices such as phones, bluetooth players and other devices without creating a market deficit. All which account for clean energy lighting of thousands of rural homes and businesses across South Sudan’s Cardinal Points of semi-urban habitats and far-reaching villages so far.

The Sheikh El-Sham Pledges

Following a number of agendas tabled from which some were agreed upon at Sheikh El-Sham-Cop27 Egypt last year. The Climate Change Financing or Banking toped the agenda and South Sudan’s Public Finance including its private sector commercial banks will expects to receive an estimated cumulative amount $15 Millions in Climate Change Financing thanks to development actors for 7 years funding of the course going in promised land. The newest nation will explore clean energy investment opportunities. She will also seek to meet her energy and climate goals while shifting or aligning herself to the green energy demand campaigns simultaneously.

As war-torn South Sudan is projected to earn an estimated climate donor-grants of not less than $2 Millions every year beginning 2023 in Climate Change transactions in favor of clean or zero emissions of Carbon on Planet Earth, several countries in the Sub-Saharan Africa including; South Africa, DRC, Uganda just to name a few, have been carefully identified as readily available sources of raw materials/intermediate goods providers in untapped metals; Lithium, Cobalt, Copper and other minerals unique for use in lighting, batteries, electric wires et al. Owing to the potential African market and markets beyond from which they will play a key role in critical and final energy transition process at the Financial-Year ending 31st December 2063.

However, parties to conflict in Africa with focus on The Democratic Republic of Congo have also been urged to return to the Negotiation Table to peacefully resolve the escalating wars in their respective countries While DRC address the Eastern province conflict for the sake peace, social harmony and overall economic recovery to facilitate its [DRC] fast, safe and convenient telegraphic transfer of Climate Funds in order to realize prudent investment in Lithium extraction, enhancing clean energy investment in the area. The notorious South Sudan who is widely known for its never-ending political instability in the region has also been warned by international actors like Troika to follow suit in addressing new waves of conflict in Upper Nile, Jonglei and Central Equatoria and find a lasting solution to the  escalating armed conflict while recovering from current economic shocks. The RTGoNU comes to an expiry at the end of the Fiscal Year ending June 30th-2025.

The Climate Change Green-Banking

However, Following the recent Cop27 conference in Egypt, stakeholders called for alternative investments of Climate Finances in the Private Sector Eco-Systems, across African regional economies together with central banks and Private Sector leaders were to coin up innovative Climate banking Instruments such as Green Treasury-Bills & Green Treasury-Bonds for central bankers-including the Bank of South Sudan, while on the other hand, recommended [new Green-banking Products] for commercial banks across Africa, in order to push for creativity and innovation in the Climate Change Finance directed towards long terms efforts and commitments in combating the Global Warming to 1.5 celsius.

Question: In reference to the Finance Principle of Accountability with relation to Implementing donor-funds in Sub-Sahara Africa for the last 10 years, is BoSS financially placed or liquid enough to Climate-Fund its Private Sector in the fight against Global Warming in South Sudan.
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