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JUST TRANSITION OP-ED: Secretly negotiated South African climate finance deal a gift to private investors while choking local development

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At a moment when Global North countries, in line with their historic culpability for climate change, should be pouring money into decarbonisation, only 4% of the JET-IP is in grants with the rest being loans and guarantees.

Secretly negotiated South African climate finance deal a gift to private investors while choking local developmentSecretly negotiated South African climate finance deal a gift to private investors while choking local development by Basani Baloyi and Gilad Isaacs, Daily Maverick November 10, 2022 The eyes of South Africans and the world are on the 2022 United Nations Climate Change Conference where the $8.5-billion Just Energy Transition Partnership and the JETP Investment Plan is being launched.

This article first appeared on Daily Maverick and is republished here under a Creative Commons license.

 

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