President Cyril Ramaphosa set out a 200-page investment plan ahead of Cop27 climate talks, urging partners to finance his vision South Africa has pitched the international community a 1.5 trillion rand ($84bn) plan to kick start the decarbonisation of its coal-dependent economy over the next five years.
President Cyril Ramaphosa presented the 2023-2027 investment plan to his presidential climate commission on Friday. He called the 200+ pager “a blueprint” for an economic transition from fossil fuels to renewable energy, to address South Africa’s frequent blackouts, “unacceptable levels of poverty” and the climate crisis.
“In essence, this investment plan is the first of its kind in both scale and ambition. It provides a vision of a future South Africa which is a leading player in a new low carbon global economy,” Ramaphosa said.
The government estimates it lacks…
South Africa pitches $84bn plan to shift from coal to clean energy
