, a failure to resolve critical bottlenecks at the negotiating table will have far-reaching consequences for people all over the world.JUST ENERGY TRANSITION: The European Union, United States, France and Germany released aon supporting an inclusive move to clean energy in South Africa. Details are expected to be fleshed out over the next few months by a newly appointed task team. The country is likely to push for this amount to be largely grant financed and partially concessional.
“Shutting fossil fuels down is critical for tackling the climate crisis. This announcement is a step in the right direction but must be scaled up with more governments and public finance institutions, including the multilateral development banks, committing to end finance for fossil fuels,” said the Climate Action Network’s Tasneem Essop.
The world’s top emitters made several commitments, including ramping up efforts to support global emission cuts while enhancing the benefits of a clean energy transition for people.