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Energy transition: South Africa gets $676 million

To finance its energy transition plan, South Africa obtained $676 million in grants from rich countries, more than double the amount initially promised. The most industrialized country on the continent, where more than 80% of electricity currently comes from coal-fired power plants, concluded at the 26th United Nations climate change conference (COP26) a partnership for a just energy transition with France, Germany, the United States, the United Kingdom and the European Union.

Source: Africa News Agency