Mminele dismisses ‘speculative coverage’ about climate loans to SA – Nov 2022

  • A leaked draft document shows that the majority of the $8.5 billion in climate funding pledged to SA will comprise loans, according to a report.
  • Less than 1% of the funds will be allocated towards social investments needed to enable a just transition.
  • Daniel Mminele, leading negotiations on the funding, says the leaked draft does not match the final financing package, which will be made public soon.

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