South Africa tells Western envoys it needs financial support to shift from coal

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JOHANNESBURG, Sep 29 (Businesshala) – South Africa has told climate envoys from the United States, Britain, Germany and France that it needs major financial support to move away from coal, the environment department said on Wednesday.

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South Africa is the world’s 12th largest carbon emitter, five places ahead of the United Kingdom, an economy eight times the size, according to the Global Carbon Atlas, emitting 479 million tonnes of carbon dioxide equivalent (Mt CO2e) in 2019. It is also Africa’s largest emitter ever.

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This month, the government adopted a more ambitious emissions reduction target of 350-420 Mt CO2e per year by 2030, just weeks ahead of the UN COP26 climate summit, where it calls on rich countries to make a rapid transition to renewable energy. Expects to withdraw money.

“While South Africa is committed to an equitable transition (to clean energy sources), we need the certainty of…financing…to accelerate this transition. We need an irrevocable agreement that we will reach at COP26 You can sign it,” the Environment Department said.

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South Africa’s struggling state power utility, which generates most of its electricity by burning coal – more than 80% of the country’s electricity is produced this way – wants billions of dollars to replace its heavily polluting coal plants with cleaner alternatives. Is.

A South African delegation, including Ministers of Environment, Trade and Public Enterprises and Deputy Finance and Foreign Ministers, met with Western climate envoys on Tuesday.

It told them that financial aid should include subsidized and subsidized grants that take into account South Africa’s current financial constraints.

Reporting by Alexander Winning Editing by Tim Cox, William McLean

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