Germany pledges funds to help South Africa ditch coal 02.11.2021

Deutsche Welle | Nov 2, 2021 at 1:00 AM
  • The US and several European nations, including Germany, have pledged $8.5 billion (€7.3 billion) to help South Africa phase out coal and expand renewable sources of energy.
  • It also aims to help to create new jobs for the tens of thousands of people who work in South Africa’s coal mining sector.
  • Transitioning away from coal and other fossil fuels is seen as crucial if countries are to meet the goal stipulated in the 2015 Paris Agreement of limiting global warming to 1.5 Celsius above preindustrial levels.