Boost for SA's climate finance deal as Denmark, Netherlands and Spain increase pledge to $11.8bn

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Denmark, the Netherlands and Spain have joined the Just Energy Transition Investment Plan, increasing the funding commitment to $11.8 billion.

The money pledged was conditional on the implementation plan being finalised and rolled out - but it has been delayed.This is according to head of the Presidency's project management office, Rudi Dicks, who spoke at the Presidential Climate Commission briefing on Friday.

Denmark and the Netherlands indicated interest in joining the partnership earlier this year. In June, News24 reported negotiations were under way for Denmark to join, with that country indicating it intended to raise $165 million as part of its efforts. In April this year, Bloomberg reported that Spain had pledged to invest $2.3 billion for the just energy transition.On Friday, Dicks said the money pledged was conditional on the implementation plan being finalised and rolled out.

 

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