Britain has pledged billions to tackle climate change – but where does the money really go?
Story by Adam Luck, Ben Butcher, Meike Eijsberg • 20h
Less than two weeks before the Cop29 climate summit, there was an announcement in South Africa that generated little heat and still less light. The state power company Eskom pledged to slash emissions across its coal-fired power stations in order to secure £2 billion in climate finance.
This may have come as some relief to those living near its 14 ageing plants, where asthma rates are almost 42 times higher than even China’s (which has an atrocious record of air pollution).
But one man who is unlikely to hold his breath is former Eskom chief executive André de Ruyter, who last year said as his parting shot that the company loses over £44 million a month to corruption.
Yet South Africa is one of the world’s largest recipients of climate-change finance from hydra-headed global climate funds designed to guarantee a zero-carbon future.
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