The funds are part of a $9.3 billion (about R172 billion) climate-finance pact agreed between SA and some of the world's richest countries in 2021 to help cut its reliance on coal, which accounts for four-fifths of its electricity generation.
Germany's KfW development bank matched a €300 million loan by France's Agence Francaise de Developpement (AFD) made in 2022 as part of the Just Energy Transition Partnership (JETP).
This story is from the November 11, 2024 edition of The Citizen.
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This story is from the November 11, 2024 edition of The Citizen.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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