Question NW3059 to the Minister of Public Enterprises

Cachalia, Mr G K to ask the Minister of Public Enterprises

With major financial institutions, both local and international, intending to stop the financing of fossil fuel-powered energy projects with the next decade and Eskom projecting that it will only end its fossil fuel dependence by 2050, how does the Government intend to obtain low-cost concessionary funding for the green energy economy during a time when the Republic is still dependent on coal for the basic functioning of its electricity supply; (2) Whether the Government envisages to intervene directly in the financing of fossil fuel projects, when private finance institutions exit the sector; if not, what is the position in this regard; if so, what are the relevant details?