In a statement, Treasury said the French and German public development banks, AFD and KfW, have provided the loans directly to the South African government via National Treasury.
"The JETP is a long-term partnership between South Africa, France, Germany, the United Kingdom, United States, and the European Union. The first initiative of its kind, the JETP aspires to support South Africa in accelerating its journey to a low-carbon economy and climate-resilient society," said Treasury.
South Africa continues to be dependent on coal to produce most of its electricity and the coal sector remains significant to the country's national economy and the livelihood of several communities.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SA loan deal with France, Germany for clean energy hailed as major step forwardSouth Africa has signed the loan agreements with the two countries amounting to 600 million euros (R10.7 billion) to support South Africa's move away form its reliance on coal. Who is going to pay it back though? 'a step forward' for who specific? How the fu*k is a load a step forward, let alone *major*
Source: ewnupdates - 🏆 30. / 53 Read more »
COP27: SA signs €600m loan agreement with France, Germany for cleaner energyThis is in addition to an $8.5 billion partnership by the US, Britain, France Germany and the EU announced last year. Enough to build another fire pool And that money will mysteriously VANISH, like all the rest. WorldBank Oh goodness when will Europe ever learn. They should rather keep their money instead of feeding it to South Africa where it will be lost in the dark pit of corruption
Source: ewnupdates - 🏆 30. / 53 Read more »
Africa: Global Energy Alliance Agenda For Clean Energy Takes Shape in Africa"Ensure access to affordable, reliable, sustainable and modern energy for all." This is Sustainable Development Goal 7, which Africa is unlikely to meet because it does not yet have the $190 billion of investment a year between 2026 and 2030 the continent needs. Two-thirds of that amount will go to clean energy, the International Energy Agency (IEA) said.
Source: allafrica - 🏆 1. / 99 Read more »