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Germany to give more than $800 million to help South Africa end coal use

GERMANY will give 700 million euros ($811.65 million) towards helping South Africa phase out the use of coal, the German delegation at the COP26 climate talks in Glasgow said on Tuesday.

The aim is to mobilise a total of $8.5bn together with the World Bank and private investors to promote developing renewable energy sources in the country, said Maria Flachsbarth, Germany’s parliamentary state secretary for development aid.

The money would be also used to expand and modernise electricity networks and help miners deal with the economic consequences of the phase out there.

Source
Reuters

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