South Africa energy transition plan seen to need $46.5bn, five times pledges ...Qatar

South Africa’s plan to kick-start its transition from coal to renewable energy will need $46.5bn, more than five times the $8.5bn Western nations have pledged to the project over the next three to five years, three people familiar with the matter told Reuters. The sources said the investment plan, submitted to donor countries this month, is provisional and the figures could change ahead of the agreement being signed. It is not yet clear how the remaining $38bn will be funded or how the bill breaks down. One source said private sector investors would step in, another said it would be a mix of private, bilateral and multilateral funders. One said the African Development Bank Group was expecte

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