President Cyril Ramaphosa has appointed former South African Reserve Bank (SARB) deputy governor Daniel Mminele to head of a newly established Presidential Climate Finance Task Team, which will lead South Africa’s efforts to mobilise concessional climate finance for its just energy transition. The appointment follows $8.5-billion offer made at COP26 by France, Germany, the UK and the US, as well as the European Union to support South Africa’s just transition to a low-carbon economy, with a specific focus on the electricity, electric vehicle and green hydrogen sectors.
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