South Africa’s finance ministry has appointed a consultant to come up with a plan by August to allow utility Eskom to accept-billions in loans designed to help it cut its carbon emissions when the government has blocked it from taking on new debt. Wealthy nations, including Britain, France, Germany, the European Union and the United States, committed $8.5-billion at UN climate talks in November 2021 to help South Africa cut its emissions and accelerate a shift from coal, which provides most of its electricity generation.
