South Africa Considers Including Denmark, The Netherlands In $8.5B Climate Fund

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South Africa Considers Including Denmark, The Netherlands In $8.5B Climate Fund
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South Africa will soon decide whether to include Denmark and the Netherlands in the $8.5 billion agreement to help it through the energy transition.

South Africa will soon decide whether to include Denmark and the Netherlands in the $8.5-billion agreement with developed economies to help the African country through the energy transition, a spokesman for the president told Bloomberg on Wednesday. “The matter will be tabled before cabinet and thereafter a decision will be communicated,” Vincent Magwenya, spokesman of South African President Cyril Ramaphosa told Bloomberg, without elaborating further on the issue.

5 billion to catalyze the first phase of South Africa’s Just Energy Transition JET Investment Plan as part of a long-term Just Energy Transition Partnership JETP signed in 2021. “The financial package of $8.5 billion is a substantial down payment. Importantly, it is designed to mobilize additional money from the private sector and philanthropies, and I will meet with representatives from both groups later today,” Secretary Yellen said in January this year.

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