South Africa close to producing plan for Western climate aid despite hurdles

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South African ministers will meet in the coming days to discuss an investment plan for billions of dollars pledged by rich nations for a transition to green energy, aiming to complete it before November's COP27 climate summit, the environment minister said.

At talks in Glasgow last year, the European Union, Britain, France and Germany promised $8.5 billion to help the country kick start a shift from carbon-intensive coal to cleaner energy.

She added that the plan and discussions over terms were now happening concurrently, which had sped things up. Creecy said the grants part was for elements of the plan that would not generate revenue, such as feasibility studies and re-skilling workers. Vastly more would be needed in total.

 

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