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Johannesburg - A French development agency has extended a R1.568m loan
to the Central Energy Fund's carbon capture and storage efforts, it
said on Friday.
"We view this partnership with the CEF of significant
importance, particularly during the current energy crisis in the
country," Agence Françse de Développement (AFD) chief executive
Jean-Michel Severino said in a statement.
AFD is the French arm for international co-operation.
"It will be one of the country's most promising measures for
climate change mitigation."
Carbon capture and storage was currently the only technology
available to make an impact in reducing greenhouse gas emissions,
while still using fossil fuels and existing energy infrastructure,
he said.
According to the statement, the partnership between the AFD and
the CEF began in 2007 with the launch of a R7.2m project to
increase energy efficiency and renewable energies in the South
African economy.
- Sapa