‘War’ over how $8.5-billion climate finance will be distributed

The $8.5 billion funding agreement made by a handful of wealthy countries during COP26 in Glasgow — to enable South Africa to transition to a cleaner economy — has come under fire over how the funding should be allocated. 

According to sources within the Presidential Climate Finance Task Team, different interests within the country are tussling over how the money, which equates to R132.5‑billion, which is yet to land, should be distributed. 

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The post ‘War’ over how $8.5-billion climate finance will be distributed appeared first on The Mail & Guardian.

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