The financing proposal is the first of its kind in the world and has not yet been presented to government
Treasury could save billions on the country’s interest bill and create the fiscal space to solve Eskom’s debt problem, if it brokers a climate finance deal with international funders in exchange for an accelerated retirement of coal-powered power stations, says a new briefing note by think tank Meridian Economics.
The savings made would be used to finance a just transition fund, which will pay for the social impact of the decarbonising plan...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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