Mminele appointed to mobilise $8.5bn climate finance for just transition

President Cyril Ramaphosa has appointed former South African Reserve Bank (SARB) deputy governor Daniel Mminele to head the newly established Presidential Climate Finance Task Team, which will lead South Africa’s efforts to mobilise concessional climate finance for its just energy transition. The appointment follows $8.5-billion offer made at COP26 by France, Germany, the UK and the US, as well as the European Union to support South Africa’s just transition to a low-carbon economy, with a specific focus on the electricity, electric vehicle and green hydrogen sectors.