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South Africa Says $750 Billion a Year Needed for Climate Goals

  • Current target is for $100 billion a year for climate funds
  • Environment minister says suggestion made at London meeting
Barbara Creecy
Barbara CreecyPhotographer: Waldo Swiegers/Bloomberg

South African Environment Minister Barbara Creecy said countries at the COP26 United Nations climate talks in November should set a target of mobilizing $750 billion a year from developed countries to help poorer nations transition to greener energy.

Creecy, who spoke at a Presidential Climate Commission meeting in South Africa on Friday, said she made the suggestion to peers from 50 countries at a meeting in London this month ahead of the summit.