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DA welcomes latest in crucial French and German climate financing | SA News

Please find attached soundbite by Andrew de Blocq MP. 

The Democratic Alliance (DA) welcomes the latest announcement of a €300 million (R5.8 billion) loan agreement between the French Development Agency (AFD) and Transnet to reduce the carbon emissions of the entity’s rail and port operations. France is South Africa’s largest foreign investor.

These funds will be used in transitioning to a low-carbon operating model and to ensure operational efficiency for the freight industry, thereby reducing its carbon footprint.

This comes hot on the heels of the April announcement of a €200 million concessional climate loan from Germany. This will support the rollout of renewable energy in South…

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