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Zero: How Developing Countries Keep Acting on Climate

Zero: How Developing Countries Keep Acting on Climate

Bloomberg12-03-2025

In the time since she became Prime Minister of Barbados in 2018, Mia Mottley has become known as a moral force for action on climate change. The Bridgetown Initiative, which she launched at COP26 in 2021, transformed the conversation around climate finance – pushing rich nations to do more to support developing countries struggling with the impact of climate change. But as the US retreats from climate action, her bold vision faces new challenges. At the Sustainable Energy for All Global Forum in Barbados, she tells Akshat Rathi why she remains optimistic, and she spoke about the role of pragmatism in tackling the climate challenge.

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Hands-on Macron rekindles bromance with Lula
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Hands-on Macron rekindles bromance with Lula

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Backing SA's green future with over R2bn for just transition projects
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The challenging global context has not deterred our commitment to the Just Energy Transition Partnership with South Africa, it has reaffirmed it, writes the International Partners Group (IPG). The IPG consists of donor countries — United Kingdom, Germany, France, the European Union, Denmark and the Netherlands - who have pledged climate finance in the form of commercial debt and equity, concessional loans and grants to help South Africa achieve its climate ambitions and a just transition to a low carbon economy. Last week South Africa hosted the second Energy Transitions working group as part of its G20 Presidency. This was a critical moment to reflect on the important priorities set out by South Africa, including the delivery of just, affordable, reliable and inclusive energy transitions. To limit global warming to 1.5°C it is essential that we work towards a global reduction in emissions from fossil fuels, and the energy sector will have to lead the way. 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If managed well, the energy transition will be a source of job creation and economic growth. According to the World Bank, South Africa could create 815 000 direct jobs in the transition, significantly more that the estimated 302 000 jobs that would be lost. The challenging global context has not deterred our commitment to the JETP. It has reaffirmed it. Almost $12.8 billion (approximately R226.36 billion) of funding has now been pledged by IPG members and other partners committed to supporting South Africa. To date over $2.6 billion (R46 billion) of IPG funding has been allocated, including over $583 million (R10.3 billion) of grant funding. Of the grants, 30 projects totalling $116 million (R2.1 billion) are "Just" projects, aiming to create viable economic alternatives in coal-dependent regions, to ensure no community is left behind. 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