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S.Africa needs $250 bln over three decades for clean energy transition – report

S.Africa needs $250 bln over three decades for clean energy transition – report

MOVING South Africa's coal-dominated economy onto a greener footing will require at least $250 billion over the next three decades, a report released on the sidelines of the World Economic Forum said. Around half of the total investment, $125 billion, is needed to ramp up wind and solar power projects as the country mothballs coal-fired plants that currently supply the bulk of its energy needs, said the consultation document. The report was produced by academics at South Africa's Stellenbosch University in conjunction with the Blended Finance Taskforce, a body set up in 2017 to help mobilise large-scale private capital in…
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