‘South Africa will decline finance deal on energy if terms are bad’ - Cyril Ramaphosa says the terms of $8.5-million climate finance offered to South Africa by wealthy countries are not yet set in stone
described the political declaration as a “watershed moment, not only for our own just transition, but for the world as a whole”.
Ramaphosa said his government would bring in a team of people from the private sector, the public sector and trade unions to join it in ensuring that the agreements were beneficial to the country. Ramaphosa responded: “Honourable Malema, you’re absolutely right. The countries in the north are the biggest emitters of greenhouse gases and a number of them are still reliant on fossil fuel to generate their energy. Through the devastating effects of [emissions] we now have a climate that is changing. But the unfortunate part of it is that it is changing for all of us.
The money being offered through the political declaration, Ramaphosa said, “will be used for target programmes of reskilling, of upskilling, creating employment and providing other forms of support to ensure that workers, women and young people are the major beneficiaries of our shift to a greener future”.
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