SA gets its first green funding offer

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South Africa Headlines News

Climate Investment Funds offers an indicative grant allocation of between $200m and $500m that will be based on plans for clean energy drawn up by the government

SA has received its first commitment to financing its green transition with an indicative grant allocation of between $200m and $500m from the Climate Investment Funds , a global fund that supports solutions to climate change.

SA and two other countries have been invited to participate in the accelerating coal transitioning programme funded by the CIF’s Clean Technology Fund, minister of environment, forestry and fisheries Barbara Creecy said on Friday. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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