a landmark $8.5 billion pledge by the U.K., U.S. and European Union before last year’s COP26 summit to support South Africa’s move away from fossil fuels. The deal has become a model for decarbonizing other nations including India, Indonesia and Vietnam. The hope is that agreements can be reached with those countries before COP27, the people said, and that details of the South Africa pact will be finalized by then. Much of the focus is on Indonesia, which will this year host the Group of 20’s meetings and have significant influence over COP27. Getting a deal done could earn rich countries some goodwill in Egypt after they failed again last year to meet a decade-old target to deliver $100 billion a year in climate finance for poor nations. Jess Shanlerman Blomnerg Green., london
Sunday, May 1, 2022
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