Reported 12 months ago
South Africa is pursuing changes to a significant agreement that aimed to reduce its coal dependency in exchange for financial support. President Cyril Ramaphosa's government is seeking to revise the deal with Climate Investment Funds (CIF) to delay the closure of three coal-fired power plants until the end of March 2030 due to energy security concerns. This adjustment may impact around $2.6 billion in financing, including a $500 million disbursement from CIF, as part of a larger climate pact.
Source: YAHOO