Britain, France, Germany, the European Union and United States initially pledged $8.5 billion at COP26 climate talks in 2021. That figure – all but a fraction of it in the form of concessional loans – grew last year, as Denmark, Canada, Spain, the Netherlands and Switzerland joined the initiative.
Owing to its complexity, the number of donors involved and South Africa’s internal politics, the climate programme has been moving more slowly than planned, and South Africa has told donors it will not meet its 2030 emissions-reduction targets.
This article was originally published by a www.cnbcafrica.com . Read the Original article here. .