Speaking to his American counterpart, Secretary of the Treasury Janet Yellen, during a closed session on Thursday 26 January, Godongwana also made an appeal that global collaborators recognise Africa’s “special needs and circumstances” in climate-change financing discussions.
- In 2021, South Africa became the recipient of $8.5bn in pledges from international partners comprising rich nations at COP26 in Glasgow to help transition the country’s carbon-intensive coal-based economy into a greener one.
In its Just Energy Transition Investment Plan, South Africa estimates a need for a $98bn investment in clean energy and other programmes, including green hydrogen infrastructure and electric vehicle manufacturing, over the long term.
At the Glasgow meeting, South Africa became a pathbreaker because it was the first country to have a Just Energy Transition Partnership. As part of the $8.5bn
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