COP26 chief wants to see SA's investment plans for $8.5bn climate finance deal | Fin24

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The president of COP26 Alok Sharma, who is in the country to meet with Cabinet ministers, says the essential next step in securing the $8.5 billion climate finance deal agreed upon last year, is the presentation of detailed investment plans by SA.

The terms of an $8.5 billion climate finance deal agreed on last year are still not settled.On the basis of these investment plans, the funded projects will be selected.

The $8.5 billion Just Energy Transition Partnership was founded in Glasgow last November and is the first such arrangement of its kind, in which developed countries assist developing countries to transition to a lower-carbon emissions pathway through financial support. It is hoped that it will provide a blueprint for other, similar transitions.

In its first engagements with the IPG, the SA government said that while it was most likely that the lion's share of JetP funding would be directed towards Eskom for investment in the transmission grid, it also wanted to secure funding for the transition of the auto manufacturing sector to electric vehicles and for the development of the production of green hydrogen.

 

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Let the terms be made public to avoid waste of time

THERE WILL BE NO INVESTMENT PLAN COMING FROM THE CRIME SYNDICATE NAMELY THE ANC IN GOVERNMENT ONLY A PLAN TO ENRICH THEMSELVES. LOOTING ON A LARGE SCALE.

Investment plan : 1. feed comrades The end

Eish don't waste your time Demon Cyryl Ramaphosa and the ANC have already stolen the billions.

Really?..The plans can be as detailed as you wish,the money will still be stolen!!!

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