‘Climate policy sovereignty will remain in government’s hands’

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[LISTEN] ‘Any debt-related terms need to be on more attractive terms than the government could raise … if we have to take on debt, it’ll have to be affordable,’ Daniel Mminele, Presidential Climate Finance Task Team. Moneyweb SpecialReport

FIFI PETERS: Let’s bring you up to speed with the latest happenings from COP27 now in its second week. We are catching up with the head of the Presidential Climate Finance Task Team, Daniel Mminele. Daniel, thanks so much for your time and thanks for joining the Market Update. This is week two of COP27 and I’d like your impressions of how the conference has been so far, and your key takeaways from it. DANIEL MMINELE: Thank you very much.

South Africa says it needs R1.5trn for energy transition in next 5 years So my role was to sit on panels, to have bilateral meetings in which we unpacked to the international audiences the features of the investment plan: talking to how we were thinking about how investments would be sequenced, how they’d be financed across the three priority sectors, how we will weave through and mainstream through the investment plan, those central features of the just transition.

 

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