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COP27 Latest: Sunak Says UK to Triple Funding for Adaptation

Bloomberg business news
WATCH: Bloomberg Intelligence ESG analyst Michelle Leung discusses what to expect from COP27.Source: Bloomberg
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South Africa and its investment partners launched an $8.5 billion plan to shift from coal toward green energy at the COP27 climate summit, a potentially landmark deal for the transition away from fossil fuels.

The Just Energy Transition Plan -- backed by the UK, US, France, Germany and the European Union -- is seen as a blueprint for other coal-dependent developing nations to cut greenhouse gas emissions.