another two to three months to complete an energy transition implementation plan, further delaying the flow of funds from an US$8.5-billion climate finance agreement with some of the world’s richest countries.
More work needs to be done on how to reskill workers from coal-dependent communities as coal-fired plants gradually close down, saidYawitch, who spoke at a Presidential Climate Commission event in Johannesburg on Tuesday, said a government decision that Eskom would be limited in its ability to take on further loans and government debt guarantees had complicated matters.
France, Germany, the US, the UK and EU offered the finance to help South Africa transition away from coal “There are significant challenges on loan finance,” she said. That moratorium “impacts on what was in the investment plan”, she said. France, Germany, the US, the UK and EU offered the finance to help South Africa transition away from coal, which is currently the source of more than 80% of South Africa’s power. The so-called Just Energy Transition Partnership, a prototype for similar agreements with Indonesia and Vietnam, has been beset by political infighting and lobbying from businesses that profit from the use of coal.
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: TechCentral - 🏆 8. / 71 Read more »