The World Bank approved a $1 billion loan for South Africa on Wednesday to help it address an energy crisis that has peaked this year with the country's worst electricity blackouts. The energy problem has forced the country to lean on its highly polluting coal-fired power stations. South Africa has experienced scheduled, rolling blackouts for months because of problems generating enough electricity for its 62 million people.
“The loan endorses a significant and strategic response to South Africa’s ongoing energy crisis, and the country’s goal of transitioning to a just and low carbon economy,” the World Bank said. While Africa contributes the least to climate change and is the continent affected the most, South Africa is Africa's most advanced economy and the world’s 16th-largest emitter of greenhouse gases overall. It is 45th per capita based on 2019 data, according to Climate Watch.
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