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South Africa’s cabinet said the Netherlands and Denmark have joined the Just Energy Transition Partnership, a landmark climate finance deal meant to help the country transition away from coal and serve as a prototype for similar pacts with Indonesia, Vietnam and Senegal.
The initial members of the pact — the European Union, Germany, France, the US and UK — have pledged $8.5 billion in finance. Together, the two new signatories have pledged an additional amount of about $333 million, Neil Cole, a finance manager within the South African Presidency, said.
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