EU allocates €4.4 billion for South Africa's clean energy

zerohedge.com

The European Commission has announced a €4.4 billion financial package to support clean energy projects in South Africa. This pledge is part of the Global Gateway initiative and aims to assist the country's energy transition amid rising tensions with the United States. The funding comes as South Africa faces criticism for its new Expropriation Act, which allows land seizures without compensation. The U.S. has opposed this law, claiming it discriminates against White landowners, leading to a suspension of aid from Washington. European Commission President Ursula von der Leyen emphasized the importance of partnership with South Africa. However, the announcement has sparked backlash from critics who question the use of taxpayer money for this initiative.


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