Dec 8, 2022

Mawazo Writing Africa

Writing about the main

SA still discussing $8.5bn climate fund with rich nations

The South African government is still discussing details of an $8.5 billion (R137 billion) fund offered by Western nations last year to help the country move off coal, it said a senior official on Tuesday.

The US, UK, France, Germany and the EU pledged the amount during COP26 in Glasgow, Scotland last November to help SA – the world’s 12th largest emitter of climate-warming gases and a major coal producer and consumer – to help move away from fossil fuels.

“A joint negotiating team has been formed between SA and the partner group of countries to discuss an investment plan and financing modalities according to the political declaration” , Maesela Kekana, SA chief negotiator at COP26, told lawmakers at a virtual briefing.

Reuters