According to Bloomberg, a University of Cape Town study envisions a climate finance transaction of $11 billion that will channel funds towards the accelerated phase-out of coal-fired power, keeping Eskom solvent as it decarbonises.

The funds would also support the communities and workers affected by the shift away from coal.

South Africa would only need to use 0.0025% of its landmass to generate enough solar power to meet its energy needs, the study said.

Moneyweb