Beyond $8.5bn: Rich countries commit more money for SA’s energy transition

South Africa’s R1.5-trillion just energy transition investment plan has been endorsed by the International Partners Group (IPG), which includes UK, US, Germany, France and the EU. The countries which initially pledged $8.5-billion to aid South Africa’s shift from coal, also plan to make available an additional R10-billion, according to a joint statement.  The investment plan – R1.5-trillion over five years – was formally handed over by President Cyril Ramaphosa to the IPG at COP27, in Sharm El-Sheikh, Egypt on Monday.