15 South African low-carbon projects receive United Kingdom funding
This is great news for South Africa!
South Africa is set to receive an injection of funds coming from the United Kingdom.
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According to News24, fifteen innovative projects have been identified to focus on reducing carbon emissions.
These projects have been selected to receive technical support from a UK-funded programme.
These projects will form part of the second phase of the UK's Climate Finance Accelerator (CFA) programme.
The CFA was set up to support developing countries to achieve their climate commitments under the Paris Agreement.
The Paris Agreement involves reducing greenhouse gas emissions that contribute to climate change.
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According to News24, back in 2021 there were 13 low-carbon projects selected as part of the first cohort of the CFA.
This helps startups to refine business models in order to secure finance from domestic and international investors.
Everlectric is an example of an electric vehicles and services business that has received funding support.
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Main image attribution: Lameez Omarjee