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.

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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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