JOHANNESBURG, Sept 13 (Reuters) - South African ministers will meet in the coming days to discuss an investment plan for billions of dollars pledged by rich nations for a transition to green energy, aiming to complete it before November's COP27 climate ...
At talks in Glasgow last year, the European Union, Britain, France and Germany promised $8.5 billion to help the country kick start a shift from carbon-intensive coal to cleaner energy.
“I think that we had under-estimated how complicated it is when you have four partners, and each … has their own budgetary issues development agencies,” Environment Minister Barbara Creecy, who heads up the negotiations, told Reuters in a videocall interview late on Monday. South Africa is the world’s 12th biggest carbon emitter, pumping out 430 megatonnes of CO2 in 2019, according to the latest data, more than Mexico or Brazil and five places ahead of Britain, an economy eight times the size.
“For South Africa to get from where it is now to net zero in 2050, you’re … talking trillions, not billions ,” she said.
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