COP26’s $8.5bn pledge to SA sparks funding tussle
Eskom wants to expand the national grid to encourage more investment in renewable power, while the department of trade & industry is punting electric vehicles and green hydrogen, sources say
20 February 2022 - 08:00
One of the biggest announcements from last year’s COP26 climate talks was a pledge by some rich countries to provide $8.5bn (about R128bn) to help SA transition away from coal. Now, different interests are tussling over how that money should be distributed.
Eskom is proposing that a substantial portion be used to expand the grid to encourage more investment in renewable electricity, according to people familiar with the situation...
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