We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Any new investment by SA in coal-fired power generation would be inconsistent with the spirit and intent of a $8.5bn funding package proposed by the UK, US, Germany, France and the EU to expedite the country’s transition to green energy, a representative of the US Treasury told a conference in Cape Town on Tuesday.

Further investments in fossil-fuel based power would also be inconsistent with the country’s commitment to limit emissions to between 350-million tonnes and 420-million tonnes of carbon dioxide equivalent — a reduction of between 20% and 33% — by 2030, according to John Morton, the US Treasury’s climate counsellor, who addressed the Enlit Africa conference via a video link...

BL Premium

This article is reserved for our subscribers.

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.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now