Mozambique plans climate announcement worth billions at COP28

Mozambique is seeking to become the latest country to secure an energy-transition pact with wealthy nations and is targeting an announcement at the COP28 climate summit later this year.

An investment plan will be announced at COP28, Mataveia said. The global climate meeting starts on Nov. 30 in Dubai. In May, its government selected a consortium consisting of TotalEnergies SE, Electricité de France SA and Sumitomo Corp. to help it build the 1,500 megawatt Mphanda Nkuwa dam. Currently, Mozambique gets the bulk of its electricity from the Cahora Bassa dam and some power from gas-fired plants. Meanwhile, neighbors such as South Africa and Zimbabwe have been suffering crippling outages.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

World losing race to meet climate goals, COP28 president saysThe world is losing the race to meet its climate change goals, the president of the upcoming COP28 summit said on Tuesday, as African leaders called for changes to what they say is an unfair international climate finance system.
Source: ReutersAfrica - 🏆 31. / 53 Read more »

World losing race to meet climate goals, COP28 president saysThe world is losing the race to meet its climate change goals, the president of the upcoming COP28 summit said on Tuesday.
Source: News24 - 🏆 4. / 80 Read more »

African leaders call for new global taxes to fund climate change actionAfrican leaders on Wednesday proposed new global taxes to fund climate change action in a declaration that will form the basis of their negotiating position at November's COP28 summit.
Source: ReutersAfrica - 🏆 31. / 53 Read more »