Camden, Hendrina, Grootvlei, and Komati coal power plants

South Africa’s climate deal meets gas finance contradiction


Issue 450 - 23 Nov 2021 - By Dan Marks | 2 minute read

The $8.5bn framework agreement signed during COP26 to support South Africa in reducing its greenhouse gas emissions – one of the conference’s headline achievements (AE 449/1) – is unlikely to include funding for gas projects, African Energy has been told. The terms of the deal will be heavily influenced by the commitment of a powerful group of countries to immediately halt fossil fuel-related financing. The agreement – which G7 governments intend to use as a model for deals with other countries – is highly dependent on concessional funding, the provision of which is in question.

Want to read more?

Access via a report

View report options

Subscribe to African Energy

View subscription options

This article is available to registered users

Login

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map

Register