8.5bn

The South African government has criticised the structure of an $8.5bn finance package provided by developed countries to help it shift from coal to clean energy, saying it relies too heavily on loans that will add to the country’s…

Less than 3% of an $8.5 billion climate finance deal being offered to South Africa by some of the world’s richest countries will come in the form of grants, Climate Home News reported, citing a copy of the financing provisions. Of the rest…