https://newsletter.en.creamermedia.com
Africa
Africa
africa

Presidency study urges doubling of Climate Finance

Komati Power Station

Photo by Creamer Media

30th November 2023

By: Bloomberg

  

Font size: - +

South Africa needs to more than double climate financing to achieve its emissions reduction targets, according to a study by the Presidential Climate Commission.

Current annual average funding of R131-billion needs to be boosted to R334-billion for the country to meet its net zero goal by 2050, the commission said in the The South African Climate Finance Landscape 2023 published on its website.

At least R535-billion a year is needed for the nation to meet its so-called nationally determined contribution — a commitment made to the United Nations to slash national emissions — by 2030, the commission said.

Domestic sources of funding accounted for 91% of tracked climate finance, while international sources accounted for 9%, the commission said. South Africa has committed to reduce emissions by 22%-33% by 2030 under the United Nations Paris Agreement to help limit the global temperature increase to 1.5C.

Edited by Bloomberg

Comments

Showroom

Showroom image
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 
Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine video image
Magazine round up | 01 March 2024
1st March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.229 0.327s - 140pq - 2rq
Subscribe Now