South Africa still discussing $8.5bn climate fund with rich nations - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

📆 10/05/2022 14:48:00
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South Africa’s government is still discussing details of a $8.5 billion fund offered by rich western nations last year to help the country shift away from coal, a senior official said on Tuesday.

[File image: Smoke coming from towers.

The United States, Britain, France, Germany, and the European Union pledged a total of $8.5 billion during COP26 in Glasgow, Scotland, last November, to help South Africa, the world’s 12biggest emitter of climate-warming gases and a major coal producer and user, to shift away from the fossil fuel. “A joint negotiations team has been established between South Africa and the partner group of countries to discuss an investment plan and financing modalities as reflected in the political declaration,” Maesela Kekana, South Africa’s chief negotiator at COP26, told lawmakers during a virtual briefing.

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