COP26 green finance won't be used for Eskom debt, Gordhan confirms

  • 📰 TimesLIVE
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 59%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Public enterprises minister Pravin Gordhan had to repeatedly tell MPs that the R131bn UN energy deal agreed upon at COP26 two weeks ago will not be used to clear Eskom's debt.

Gordhan explained three times on Wednesday afternoon that the offer had nothing to do with Eskom debt, but was meant to finance SA's efforts for a just transition in support of the global battle against climate change.

“Negotiations will now take place at the technical level to appreciate whether these offers will be compatible with SA's financial requirements and capability,” he said.Early this month, the governments of France, Germany, the United Kingdom and the US, along with the European Union, announced a just energy transition partnership to support SA's decarbonisation efforts.

Another issue which was sharply debated at the Glasgow event was who would finance the transition, said Gordhan.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 28. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I hope you will use it to build a natural gas plant connect pipeline from Mozambique to generate Electricity.

Nope that is going straight into their pockets!!!

Carl_CE50 Wonder how much of it will go to ‘comrades’ for ‘irregular expenditure’. Please, do tell, Minister.

No, it's going to get lost in ANC pockets.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: China Doubles Down on a Slower Coal Exit After COP26 SpatChina extended its defence of coal’s future after diluting demands for action at the COP26 climate summit, insisting a transition away from the dirtiest fossil fuel must be gradual.
Source: dailymaverick - 🏆 3. / 84 Read more »

Haggling over coal, fossil fuels and finance stretches COP26 | CitypressAt least two UN climate-crisis conferences, including COP17 in Durban ended on a Sunday, almost two days past the official time. But this was avoided in Glasgow, Scotland, on Saturday. I kept believing in her, for a start i invested R3000 in few weeks i got a return of R13000 your honesty can't be compromised.. You can keep doubting while others are getting paid... Nichelle_1111 Earned about R25,000 through the help of Iamcallaway_B it started when I was introduced to the platform and I doubted and was skeptical and succumb to the advice but here I am testifying about the fruits on this investment I started with little zar… invest with Iamcallaway_B I have benefited from at least R80,000 a week with Hendricksnino through his recommended platform with my small investment. Don't spend all your money without investing. Hendricksnino is a life saver, join me and win also in with good hands
Source: City_Press - 🏆 7. / 72 Read more »