- Germany will provide $8.5bn over five years.
- Plans will also focus on providing new employment options for the coal miners.
The United States and several European countries have announced plans to fund and provide technical expertise to support South Africa’s phasing out of coal and transition to clean energy sources. The nations made these pledges at the ongoing COP26 in Glasgow, Scotland. In addition, German authorities plan to provide about $8.5 billion in loans and grants over five years to enable the country to adopt more clean energy and ditch its coal power plants, a significant source of greenhouse gas emissions.
The German Environment Minister, Svenja Schulze, stated that the partnership backed by Britain, France and the European Union could become the blueprint used to enable other regions to phase out their coal generation. The plans will also focus on providing new employment opportunities for the thousands in the South African mining industry set to be affected by the phasing out of coal.