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Free AccessSouth Africa Proposes Green Financing Facility to Developed Nations
- South African officials met Tuesday with envoys from the U.S., U.K., Germany, France and the European Union ahead of COP26 climate talks over the nation's energy transition from coal
- South Africa is proposing the establishment of a Just Transition Financing Facility, which will support the Just Transition process across sectors of the economy
- Moving to cleaner sources of energy requires substantially concessional and grant funding, and technical assistance that takes into account current fiscal constraints and supports government's quest to promote long term financial sustainability
- Envoys agreed to report back on issues related to financial support raised in the meeting
- A technical task team made up of expert officials will continue discussions with the aim of reaching an enabling framework agreement by COP 26
- Background: https://www.news24.com/fin24/economy/green-energy-...
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.