US slice of SA’s climate change funds only for private sector projects
Plans on how SA hopes to invest the money from international partners are expected by end of October
25 September 2022 - 18:54
SA may be barred from using the $1bn in climate change financing pledged by the US to fund government-led projects under its just energy transition strategy, according to a senior US government official.
The funds from the US, part of an $8.5bn international package, will be in the form of loan guarantees from its state-owned development finance institution, the International Development Finance Corporation (IDFC)...
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