WEBVTT 1 00:00:00.000 --> 00:00:03.300 (upbeat music) 2 00:00:03.300 --> 00:00:04.740 Of all the continents, 3 00:00:04.740 --> 00:00:08.280 Africa has contributed the least to climate change, 4 00:00:08.280 --> 00:00:10.230 accounting for less than 3% 5 00:00:10.230 --> 00:00:13.053 of cumulative global CO2 emissions. 6 00:00:14.490 --> 00:00:16.650 Nevertheless, Africa is likely 7 00:00:16.650 --> 00:00:18.720 to be disproportionately impacted by 8 00:00:18.720 --> 00:00:20.730 the effects of climate change, 9 00:00:20.730 --> 00:00:24.363 and must build resilience for its economies and societies. 10 00:00:25.290 --> 00:00:26.872 That is why BCG has launched 11 00:00:26.872 --> 00:00:30.630 its Centre for Climate & Just Transition in Africa, 12 00:00:30.630 --> 00:00:32.970 to unlock the full potential of Africa 13 00:00:32.970 --> 00:00:36.063 to advance climate action and a just transition. 14 00:00:36.960 --> 00:00:40.440 Let's hear more from our offices across the continent about 15 00:00:40.440 --> 00:00:42.180 some of the work we are already doing 16 00:00:42.180 --> 00:00:44.310 to make this purpose a reality. 17 00:00:44.310 --> 00:00:46.500 In South Africa, BCG has partnered 18 00:00:46.500 --> 00:00:48.450 with the National Business Initiative, 19 00:00:48.450 --> 00:00:50.850 and BUSA, Business Unity South Africa, 20 00:00:50.850 --> 00:00:52.620 to try and understand what it will take 21 00:00:52.620 --> 00:00:55.140 for the country to transition to net-zero. 22 00:00:55.140 --> 00:00:58.770 What BCG did was to drive multi-stakeholder discussions 23 00:00:58.770 --> 00:01:00.030 on the critical fact base 24 00:01:00.030 --> 00:01:02.370 around what this is actually going to mean for the country. 25 00:01:02.370 --> 00:01:04.394 We've had over 120 hours of workshops 26 00:01:04.394 --> 00:01:06.450 with over a hundred different experts 27 00:01:06.450 --> 00:01:08.340 in industry and academia 28 00:01:08.340 --> 00:01:10.590 to try and really validate some of the critical assumptions 29 00:01:10.590 --> 00:01:11.820 going into the work. 30 00:01:11.820 --> 00:01:13.290 And the work has also been backed by 31 00:01:13.290 --> 00:01:15.600 30 of South Africa's top CEOs 32 00:01:15.600 --> 00:01:17.940 to really drive one voice of industry 33 00:01:17.940 --> 00:01:19.228 behind the work as well. 34 00:01:19.228 --> 00:01:21.811 (upbeat music) 35 00:01:25.230 --> 00:01:27.600 We have launched Green Ventures Africa, 36 00:01:27.600 --> 00:01:29.910 which is a new model for BCG in the region, 37 00:01:29.910 --> 00:01:32.713 to build and scale climate-smart solutions at 38 00:01:32.713 --> 00:01:36.570 various stages of maturity across the continent. 39 00:01:36.570 --> 00:01:38.700 Most recently, we've been working with a few companies. 40 00:01:38.700 --> 00:01:41.490 One is a sustainable aquaculture company that is 41 00:01:41.490 --> 00:01:43.440 really addressing the nutrition gap. 42 00:01:43.440 --> 00:01:45.780 Another is an electric mobility company that's 43 00:01:45.780 --> 00:01:48.540 providing financing that allows electric vehicles 44 00:01:48.540 --> 00:01:52.212 to be more affordable than their petrol equivalents. 45 00:01:52.212 --> 00:01:54.795 (upbeat music) 46 00:01:57.060 --> 00:02:00.165 With 40% of the global population living in costal areas, 47 00:02:00.165 --> 00:02:01.500 it is imperative that 48 00:02:01.500 --> 00:02:03.464 we better understand the impacts of sea-level rise, 49 00:02:03.464 --> 00:02:06.090 and storm surge in these areas. 50 00:02:06.090 --> 00:02:08.310 That is why the Moroccan BCG GAMMA team has 51 00:02:08.310 --> 00:02:10.177 developed a powerful analytical tool 52 00:02:10.177 --> 00:02:12.990 to map out the impacts of sea level rise, 53 00:02:12.990 --> 00:02:15.480 and storm surge in coastal areas. 54 00:02:15.480 --> 00:02:18.030 It allows any user, anywhere in the world 55 00:02:18.030 --> 00:02:21.136 to model and see the impacts of sea-level rise, 56 00:02:21.136 --> 00:02:23.790 compare it to other regions of the world, 57 00:02:23.790 --> 00:02:27.061 and analyze the associated socioeconomic impacts. 58 00:02:27.061 --> 00:02:29.644 (upbeat music) 59 00:02:32.550 --> 00:02:34.200 Lagos is a coastal mega-city, 60 00:02:34.200 --> 00:02:38.040 and has peculiar climate change risks. 61 00:02:38.040 --> 00:02:39.330 To address these risks, 62 00:02:39.330 --> 00:02:42.120 Lagos is developing a clear adaptation, 63 00:02:42.120 --> 00:02:45.510 and resilience plan ahead of COP27, 64 00:02:45.510 --> 00:02:48.540 and BCG is supporting for this work. 65 00:02:48.540 --> 00:02:51.900 We are leveraging advanced analytics, data 66 00:02:51.900 --> 00:02:53.760 from various sources, 67 00:02:53.760 --> 00:02:56.850 and a deep understanding of the local context in Lagos, 68 00:02:56.850 --> 00:02:58.803 as people who live in Lagos ourselves. 69 00:03:00.030 --> 00:03:02.850 Achieving a climate-resilient, socially just, 70 00:03:02.850 --> 00:03:06.750 decarbonized future for African countries is critical, 71 00:03:06.750 --> 00:03:08.400 not just for Africa, 72 00:03:08.400 --> 00:03:10.830 but for the good of the world. 73 00:03:10.830 --> 00:03:14.490 Through our Centre for Climate & Just Transition in Africa, 74 00:03:14.490 --> 00:03:18.093 BCG are committed to help making this a reality. 75 00:03:18.093 --> 00:03:20.760 (upbeat music)