The allocation of $500 million each to the coal-dependent countries will come in the form of “concessional,” or low cost, finance, the World Bank-affiliated fund said in a statement.
Transnet has come under fire from exporters of bulk commodities because it can’t supply them with adequate rail capacity at a time when demand is booming.
British energy company Drax Group wants to build power plants that burn wood chips, capture emissions produced from the process and bury them deep underground.