“Ramaphosa asks US leaders to help fund THIS R1.5 trillion”

https://www.thesouthafrican.com/news/ramaphosa-asks-us-leaders-assist-funding-energy-plan-6-november-2022/
06-11-2022 08:46

President Cyril Ramaphosa has asked for assistance from US leaders to fund the multi-trillion-rand energy transition plan for SA.

President Cyril Ramaphosa has reportedly reached out to leaders in the United States to help with the funding of the country’s Just Transition Plan.

OVER THE NEXT FIVE YEARS, SA WOULD NEED R1.5 TRILLION TO FUND THE PLAN

The multi-trillion-rand plan is aiming to reduce the negative effect on society of transitioning to a zero-carbon economy.

During his address to the Presidential Climate Commission just before the weekend, Ramaphosa revealed that the plan would ensure that benefits were distributed fairly.

Over the next five years, the Just Transition Plan would cost R1.5 trillion to fund – says the president.