TY - BOOK ED - World Bank. ED - World Bank. TI - South Africa Economic Update, November 2011: Focus on Green Growth T2 - Economic Updates and Modeling PY - 2011/// CY - Washington, D.C. PB - The World Bank KW - Agricultural Subsidies KW - Agriculture KW - Air Pollution KW - Bonds KW - Capital Costs KW - Capital Markets KW - Carbon Emissions KW - Carbon Intensity KW - Clean Air KW - Clean Water KW - Climate KW - Climate Change KW - Climate Change Mitigation and Green House Gases KW - Coal KW - Commercial Banks KW - Consumers KW - Currencies and Exchange Rates KW - Debt KW - Deforestation KW - Developed Countries KW - Economic Conditions and Volatility KW - Economic Costs KW - Economic Forecasting KW - Economic Growth KW - Economic Recovery KW - Economies of Scale KW - Electricity KW - Emissions KW - Energy KW - Energy Consumption KW - Energy Efficiency KW - Energy Intensity KW - Energy Production KW - Energy Production and Transportation KW - Energy Subsidies KW - Energy Supply KW - Environment KW - Environmental Economics & Policies KW - Environmental Policy KW - Environmental Regulation KW - Exchange Rates KW - Expenditures KW - Finance and Financial Sector Development KW - Financial Sector KW - Financial Services KW - Fiscal Policy KW - Foreign Direct Investment KW - Fossil Fuels KW - Gdp KW - Green Issues KW - Greenhouse Gases KW - Gross National Income KW - Household Consumption KW - Human Capital KW - Inflation KW - Macroeconomics and Economic Growth KW - Monetary Policy KW - Natural Gas KW - Nuclear Power KW - Power Generation KW - Power Plants KW - Property Rights KW - Purchasing Power KW - Recycling KW - Renewable Energy KW - Risk Aversion KW - Supply Side KW - Trade Barriers KW - Trade Policy KW - Unemployment N2 - The global financial roller coaster, with the Euro zone as its lead car, has hit economic prospects across the globe. The South African economy, with its close links to the world economy, has suffered, too, resulting in weakened growth prospects, lower fiscal revenues, lower and more volatile valuation of the rand, and dampened external financing. This further compounds the policy challenges facing the authorities, on top of their preoccupation with unyielding unemployment, which requires higher and more inclusive economic growth. Policymaking is also conditioned by a growing recognition that future growth needs to be less carbon-intensive. As elsewhere, opportunities in green economies are viewed with keen interest, as a way of simultaneously targeting a cleaner environment and stimulating innovation, growth, and job creation. While green policies can have large synergies and co-benefits with the growth and employment agenda, they are not a substitute for it. Indeed, such synergies are likely to be mutually enhancing and larger when the growth and environment objectives are being pursued by multiple, well-targeted and coordinated policies UR - http://elibrary.worldbank.org/doi/book/10.1596/26854 ER -