Germany to Give 700 mln Euros to Help South Africa End Coal Use

Steam rises at sunrise from the Lethabo Power Station, a coal-fired power station owned by state power utility ESKOM near Sasolburg, South Africa, March 2, 2016. REUTERS/Siphiwe Sibeko

Germany will give 700 million euros ($811.65 million) towards helping South Africa phase out the use of coal, the German delegation at the COP26 climate talks in Glasgow said on Tuesday.

The aim is to mobilize a total of 8.5 billion dollars together with the World Bank and private investors to promote developing renewable energy sources in the country, said Maria Flachsbarth, Germany's parliamentary state secretary for development aid.

The money would be also used to expand and modernize electricity networks and help miners deal with the economic consequences of the phase-out there.

 

($1 = 0.8624 euros)


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