SA welcomes decision to establish climate change fund

The Minister was addressing a virtual media briefing on the outcomes of the recent United Nations Framework Convention on Climate Change (UNFCCC) Sharm el-Sheikh Conference of Parties (COP 27). “COP27 has provided the momentum to reform the Multilateral Development Banks and International Financial institutions, and we expected the shareholders of these institutions to take decisive action to scale up climate finance in 2023 and make their institutions fit for purpose,” Min. Creecy said.

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Africa’s oil and gas can help accelerate energy security

Mineral Resources and Energy Minister Gwede Mantashe told delegates that Africa’s oil and gas resources can help accelerate and guarantee the continent’s energy security, and drive regional economic development through the processing and beneficiation of petroleum products. The Minister was addressing about 2 000 delegates at the official opening of the Africa Oil Week conference in Cape Town on Tuesday.

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