South Africa to seek ‘Just Energy Transition Financing Framework’ deal at COP27

Forestry, Fisheries and the Environment Minister Barbara Creecy reports that South Africa will push for the establishment of a people-centred ‘Just Energy transition Financing Framework’ at the upcoming COP27 climate conference, to be held in Sharm el-Sheik, Egypt, in early November. Such a framework, she told a pre-COP27 stakeholder consultation meeting in Johannesburg, could support coal phase-down programmes in developing countries, as well as ambitious renewable-energy investments, while supporting workers and communities that could be made vulnerable as a result of the transition away from fossil fuels.