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Where a $5 billion green incentive runs into politics of coal

The world's richest countries are courting South Africa as a model of how to transition to a more climate-friendly future from a dependency on coal.

A coal pile sits outside a colliery in Mpumalanga, South Africa, on Oct. 15, 2021. Foto: Bloomberg photo by Waldo Swiegers

The world's richest countries are courting South Africa as a model of how to transition to a more climate-friendly future from a dependency on coal.

While $5 billion of cheap loans and grants are on offer as a first step, transforming Africa's most industrialized economy demands more than cash. It needs to win over power brokers like Gwede Mantashe, a former coal unionist who is now energy minister and chairman of the ruling African National Congress, to weaken the nation's reliance on the black rock...

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