South Africa’s Climate Pact to Channel Money to Its Coal Belt

11/24/2023 13:46
South Africa’s Climate Pact to Channel Money to Its Coal Belt

South Africa’s investment plan for the $8.8 billion pledged in climate finance by some of the world’s richest nations will see part of the money spent in Mpumalanga, the country’s coal-mining and power plant hub.

South Africa’s investment plan for the $8.8 billion pledged in climate finance by some of the world’s richest nations will see part of the money spent in Mpumalanga, the country’s coal-mining and power plant hub.

The Just Energy Transition Investment Plan was approved by the government this week after months of delays, partly caused by the objections of labor unions who fear the switch away from coal will cost tens of thousands of jobs at the operations as well as the enterprises that provide transport and other services to them.

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