South Africa, Senegal, Brazil, Mexico, Malaysia and Indonesia were the selected global South countries for the funding. South Africa was included because its industrial policy models provide key lessons that can be adapted for other countries. Only two African countries, South Africa and Senegal, will be getting money from a giant Open Society Foundations (OSF) green energy fund later this year, in part thanks to governments that have shown dedication in dealing with climate change. "There is a level of complexity to choosing priority countries in Africa," Laura Carvalho, director of economic and climate prosperity at the Open Society Foundations, told News24. AFPOSF seeks to invest in the development of green and equitable economic models that can deliver both climate action and economic development.

Source: News 24 July 23, 2024 18:57 UTC