Reported about 18 hours ago
The US is delaying the release of a $2.6 billion climate finance package to South Africa, raising fears that the funds may be permanently blocked. Recently, US representatives prevented the World Bank-linked Climate Investment Funds from approving a $500 million disbursement necessary for leveraging an additional $2.1 billion in financing from other sources. This tension forms part of a broader US withdrawal from global climate initiatives under the Trump administration, leaving South Africa in a precarious position as it strives to transition away from coal dependency.
Source: YAHOO