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Presidential Climate Commission says SA needs clear and stable policy signals for climate investment

# The Presidential Climate Commission says while South African climate finance flows show a positive upward trend, investment needs to increase at least two- to three-fold to meet its investment needs. Domestic sources contribute close to 60-percent of total climate finance, while international climate finance sources contribute the other 40-percent. The commission says energy dominates climate investment, with a yearly average of 139.5-billion-rand, predominantly into renewable energy electricity generation, and 89-percent of mitigation finance. It adds that providing clear and stable policy signals for climate investment is needed.