Billions in climate funds have South Africa agencies tussling

Eskom Holdings SOC Ltd, the embattled state-owned utility, is proposing that a substantial portion be used to expand the grid in order to encourage more investment in renewable electricity, according to people familiar with the situation. (File pic shows an electrical substation at the Komati coal-fired power station, operated by Eskom in Mpumalanga, South AfricaSouth.)

ONE of the biggest announcements from last year’s COP26 climate talks was a pledge by some rich countries to provide US$8.5bil (RM36bil) to help South Africa transition away from coal.

Now different interests within the country are tussling over how that money should be distributed.