South Africa to set up finance workstream to assess climate-finance offers

The South African government is set to establish a high-level technical workstream, which will work under the direction of a Cabinet subcommittee, to evaluate possible concessional finance offers that could be made in support of the country’s just energy transition strategy. The workstream is yet to be formally assembled, but Forestry, Fisheries and the Environment Minister Barbara Creecy says it will include finance specialists from the National Treasury, the Department of Public Enterprises, the Department of Forestry, Fisheries and the Environment, Eskom and possibly others.