Kaya 959 Reporter
President Cyril Ramaphosa has announced that the country has secured a historic partnership with other world leaders of a R131bn highly concessional climate financing to help transition SA away from coal to cleaner forms of energy.
US President Joe Biden made it official when he announced that Germany, the United States, the United Kingdom and France have struck a deal worth over R130 billion with South Africa aimed at speeding up the country’s shift away from coal.
Biden announce the deal at the COP26 summit, being held in Scotland. He said that South Africa was Africa’s largest greenhouse gas emitter and this needed to change.
“By closing South African coal plants ahead of schedule and investing in clean power alternatives for the people of South Africa in supporting an equitable and inclusive transition in South Africa’s coal sector, we’re following through on the pledge the G7 partners made in Cornwall to accelerate the transition away from coal in developing countries.”
I’m pleased to join US President @JoeBiden and other leaders at #COP26 in announcing a historic partnership to support a just transition to a low carbon economy and a climate resilient society in South Africa. #BetterAfricaBetterWorld 🌍 pic.twitter.com/neHRP3GInI
— Cyril Ramaphosa 🇿🇦 (@CyrilRamaphosa) November 2, 2021
In preparation for COP26, SA submitted a revised Nationally Determined Contribution (NDC) to reduce domestic carbon emissions within a target range of between 420 CO2-eq and 350 CO2-eq by 2030.
Over the last few months, Ramaphosa had warned about the country needs to address greenhouse gas emissions.
The climate transition is something that affects every South African and we all need to be part of its design and implementation. We have undertaken widespread consultation & there is broad support among social partners for an ambitious & just transition. https://t.co/Bu7HcN5L2v pic.twitter.com/j1JNDSVkRT
— Cyril Ramaphosa 🇿🇦 (@CyrilRamaphosa) October 11, 2021