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Climate Politics

S. Africa’s $8.5 Billion Climate Pact May Draw New Partners

  • UK’s COP26 minister says there’s interest from other countries
  • Deal with UK, US and more is to help transition away from coal
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Alok Sharma, the president of the COP26 climate talks, said other nations and philanthropic organizations want to join the $8.5 billion climate finance deal offered to South Africa by the UK, US, Germany, France and the European Union.

That could increase the amount of money South Africa will get to help the nation transition away from coal, he said at a press conference in Johannesburg on Tuesday. The fuel accounts for more than 80% of the country’s power generation.