ESG & Investing
S. Africa Wants to Start Accessing Climate Funds Next Year
- UK will offer debt guarantee as part of its contribution
- South Africa plans to cut its use of coal in renewables switch
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South Africa’s government wants to start accessing part of the $8.5 billion in climate financing pledged by some of the world’s richest nations in early 2023, the head of its negotiating team said.
“That’s what we are aiming for and working toward,” Daniel Mminele, a former central banker governor who was appointed to head the talks for South Africa in February, said in a text message on Thursday.