BRUSSELS – The European Union announced Friday it would invest more than 280 million euros ($303 million) in grants in South Africa to help the country green its coal-dependent economy.
The money will “support policy reforms on green recovery, unlock green investments and build a knowledge-based transition,” the bloc said in a statement.
“Together with South Africa, we are committed to a decarbonization pathway,” the EU’s top diplomat, Josep Borrell, who is in Pretoria for talks, said in the statement.
The EU said the money came as part of the bloc’s recently unveiled Global Gateway initiative.
Part of the EU funds will go toward the greening of municipal services and help repurpose coal power plants.
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