G20:What should the South African Presidency do Differently to Secure a better Climate Financing Deal?
South Africa’s leadership can work to better connect existing sources of development and climate finance with the real socioeconomic and climate challenges faced by governments and citizens in the Global South. South Africa’s commitment to ambitious energy transition and green development plans and the quality of financing could inform proposals for greater coordination among international donors to fund a government-led climate transition agenda. National platforms such as the Energy Transition Partnership – where developed countries help developing countries through climate finance – offer commitments to leverage concessional finance and national planning to overcome political and economic challenges in each country. This enables the government to deliver ambitious projects while ensuring they are consistent with national needs and priorities.
