GRACELIN BASKARAN: SA could face carrot-and-stick approach over just energy transition
Neither $8.5bn from the US and Europe nor the risk of restrictions is likely to cause immediate political change
The excitement was palpable when the Just Energy Transition Partnership — a deal that includes $8.5bn in grants and concessional financing over the next five years — was announced. Financed by the US, Britain, France, Germany and the EU, the deal was an example of what co-ordination between historically pollution-heavy and emerging economies could look like.
The funding is designed to support the following goals:..