CAROL PATON: Ramaphosa makes move for pro-green funding
President surprises by announcing decommissioning of coal power stations
30 September 2019 - 15:11
It was a surprise to hear President Cyril Ramaphosa tell the world in his written remarks to the UN climate change conference that his government was finalising a transaction that would accelerate the decommissioning of coal power stations in return for concessional funding for Eskom from pro-green funders.
The “green fund” is one of the proposals of the expert task team Ramaphosa put together in December to advise him on how to proceed on the Eskom problem. The team, comprising among others University of Cape Town professor Anton Eberhard and economist Grove Steyn, made its first report to the president in February and its final report in May...
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