The debt-laden, state-owned utility can’t get rid of coal without international help


As negotiations continue, parts of a deal are taking shape. The money — part grants, part loans — would come in three five-year tranches, starting small with feasibility studies and running through 2035, Creamer said. The participants would include the United States, European Union, United Kingdom, Germany and France. The World Bank and its for-profit arm, the International Finance Corp., have roles.

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Source link : https://www.washingtonpost.com/climate-environment/2021/10/31/south-africa-has-one-most-coal-intensive-economies-world-can-it-change/

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Publish date : 2021-10-31 23:31:30

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