Germany is advancing additional concessional climate financing to South Africa under the Just Energy Transition Partnership JETP.
Speaking at a press conference in Pretoria, Rainer Baake , Germanys special envoy for the JETP, said Berlin is in discussions to provide an additional 720 million about R13,7 billion in climate-related concessional loans.
If finalised, the package would lift Germanys total climate finance commitment to South Africa under the initiative to about 2,68 billion about R51,0 billion up from its original 986 million about R18,8 billion pledge in 2021.
