Mining News

New coal ‘inconsistent’ with spirit of $8.5bn climate partnership, US Treasury warns

Any public steps by South Africa that were suggestive of new coal having a place in the country’s future energy mix would be inconsistent with the intentions of the Just Energy Transition Partnership (JET-P) signed at COP26 in November, US Treasury climate counselor John Morton has cautioned. The partnership, which was also signed by France, Germany, the UK and the European Union (EU), includes an offer of $8.5-billion in climate finance to support South Africa’s transition from coal and negotiations are currently under way to convert the offer into an investment plan ahead of COP27, scheduled for Egypt in November.

Share this article