South Africa’s green transition to cost over $64 bln by 2030

Govt says South Africa will need 1 trillion rand by 2030It will need up to 4 trillion rand by 2050, says govtFunding will seek to cut dependence on coal, create jobsJOHANNESBURG, April 26 (Reuters) – South Africa’s efforts to wean itself off coal and focus on renewables, battery storage, electric vehicles and setting up a green hydrogen economy would require funding of over a trillion rand ($63.70 billion) by 2030, a top government official said on Tuesday.In November, the United States, Britain, France, Germany and the European Union agreed to offer a $8.5 billion package to help South Africa accelerate a transition from coal. read more …
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