The Presidential Task Team on Eskom has suggested a possible financing arrangement for the power utility that is being touted as the "biggest climate finance deal in the world".
According to Fin24 journalist Sarah Evans, who has done some research into the deal, the arrangement has been presented as an opportunity for Eskom to fast track its carbon emissions reduction strategy in exchange for funding from international development finance institutions.
Evans says there appears to be great interest from abroad.
There is a lot of money circulating especially in countries in Europe, people and institutions who want to finance climate change mitigation strategies especially in the developing world and they are looking at Eskom with its extremely problematic carbon emissions...— Sarah Evans, Journalist - Fin24
So there is an opportunity here for them to help Eskom get out of some of its financial difficulties if it agrees to go green at a much faster rate.— Sarah Evans, Journalist - Fin24
The specifics have yet to be bashed out.— Sarah Evans, Journalist - Fin24
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