World Bank-linked climate fund Unlocks $2.6B for South Africa’s Coal Cut!

A climate fund linked to the World Bank has backed South Africa’s plan to cut its reliance on coal, unlocking up to $2.6 billion in financing.

South Africa’s energy transformation is accelerating, and while facing challenges, it has also made significant progress.

South Africa is gradually building a more sustainable power system and accelerating the deployment of clean energy such as photovoltaics and wind power. According to the plan, the proportion of renewable energy will jump from 7% to 40% by 2030.