News Formal

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

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

United States News News

The UK co-ordinating the partner countries and is also leading the involvement of development finance institutions in the partnership deal

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”...

 

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

🤣 No one believes anything anymore

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:

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines

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

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.
Source: dailymaverick - 🏆 3. / 84 Read more »