According to President Emmanuel Macron, France would provide South Africa with €1 billion in assistance to gradually phase out the use of coal.

« Together with South Africa, we have made a significant first step. France will contribute €1 billion to support the phase-out of coal in this way and to support South Africa’s nuclear and renewable energy policy, » the French president said during a speech at a climate conference.

He stated that in order to assist emerging nations in phasing out coal as soon as feasible, European nations also want to cooperate with Indonesia, India, and Senegal on the subject.

The Egyptian Foreign Minister Sameh Shoukry was chosen as the conference’s president, and the UN Climate Change Conference (COP27) officially began on Sunday in the Egyptian resort of Sharm el-Sheikh. The minister later claimed that because the populace was suffering despite not having made a significant contribution to climate change, African nations needed funding to combat its effects. The conference is being attended by more than 44,000 people and will end on November 18.

source: reuters.com