Climate Investment Funds sets aside $1b for clean power move in Indonesia, S Africa

Climate Investment Funds sets aside $1b for clean power move in Indonesia, S Africa

Photo by Tyler Casey on Unsplash

Climate Investment Funds, a leading multilateral investor in developing countries, said it will allocate $1 billion to help South Africa and Indonesia move away from coal to clean power.

The move comes ahead of the next round of global climate talks in Egypt in November, at which emerging markets are set to once again push for more financial help from richer countries to help them make the transition to a low-carbon economy.

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