Spending billions to save millions of lives
Friday, October 16, 2015
Last week, Botswana submitted its Intended Nationally Determined Contribution (INDC), a public commitment to the United Nations Climate Change Conference on the country’s plans towards a low-carbon and climate resilient future.
As part of the country’s mitigation contribution, Botswana intends to achieve an overall emissions reduction of 15 percent by 2030.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...