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South Africa says US withdrawing from climate finance deal

South Africa President Cyril Ramaphosa. [File, Standard]

The United States has pulled out of a climate funding deal struck by rich nations to help their developing counterparts transition to clean energy, the programme's first beneficiary, South Africa said Thursday.

The so-called Just Energy Transition Partnerships (JETP) are ambitious financing deals between a small group of wealthy countries and emerging economies to help them ditch planet-polluting coal.

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