R800m earmarked for Green Fund

Comment on this story
IOL pic may3 money in hands Independent Newspapers A senior Indian politician has dismissed claims that a colleague embezzled $134 000, saying the sum was too small to be taken seriously.

Cape Town - The Treasury has made R800-million available for its Green Fund over the next two years, Environment Minister Edna Molewa announced on Wednesday.

Opening the debate on her department's budget vote in the National Assembly, she told MPs that the Development Bank of Southern Africa had been appointed as the implementing agency for the fund.

“The primary objective of the Green Fund is to provide catalytic finance for high quality, high impact green economy projects, and mainstreaming activities which would not have been implemented without fiscal support,” Molewa said. - Sapa

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines