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South Africa’s climate grant funding from rich nations doubles to $676 mln

South Africa’s climate grant funding from rich nations doubles to $676 mln

SOUTH Africa has secured $676 million in grants from rich nations for a transition to green energy, more than double what they initially promised but still only a fraction of the total package, the rest of which it will have to repay with interest. Rudi Dicks, head of project management in the presidency, told Reuters on Thursday that South Africa had been pushing for more of the $12 billion currently on offer from Western nations to take the form of gifts rather than loans. The grant had initially been set at $329.7 million. "The president has made it very clear…
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