The German government has committed a further R6.2 billion (EUR 355 million) to South Africa’s just transition toward a greener economy and skills development.
The German government has committed a further R6.2 billion to South Africa’s just transition toward a greener economy and skills development.
South Africa is planning to shift away from a coal-resilient energy supply that falls under the national power utility Eskom. In July president Cyril Ramaphosa, which, under his climate commission, sets out policy measures and undertakings by various partners to minimise the economic and social impacts of a long-term switch to renewables – away from fossil fuels.
According to the global climate summit COP27, South Africa, the 13th biggest source of greenhouse gas, will need to spend over $250 billion between now and 2050 to fund the closing of coal-fired plants. The new pledge by Germany, as stated by the embassy in South Africa, emphasises the country’s further commitment to the partnership to support the clean and just transition towards climate neutrality at the tip of Africa.
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