Development banks will ‘play a role’ in SA’s $8.5bn climate finance plan

After many months of negotiations, the details about the investment plan for $8.5bn in climate finance pledged to SA by the governments of rich nations at COP26 in Glasgow, Scotland, in 2021, are now eagerly anticipated following the cabinet’s endorsement of the plan earlier this week.

At a media briefing on Thursday after a cabinet meeting, minister in the presidency Mondli Gungubele said the Just Energy Transition Partnership Investment Plan was accepted by the cabinet. He would not expand on details of the plan saying that a briefing would be held soon to elaborate on the “funding challenges in taking forward that plan”...

🤣 No one believes anything anymore

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SA's COP27 game plan: South Africa to Unveil Climate Investment Plan at COP27South Africa, the world’s 13th biggest source of climate-warming greenhouse gases, will unveil details on how it plans to cut emissions next month at the United Nations Climate Change Conference in Egypt, Environment Minister Barbara Creecy said. Economic suicide.
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