South Africa and Indonesia will receive $1 billion from the Climate Investment Fund to replace some of their coal-fired power plants with installations renewable energy sources, part of a global effort to reduce planet-warming emissions.

Each country’s allocation of $500 million (Rs 9 billion) to coal-dependent countries will be in the form of “concessional” or low-cost funding, the World Bank-linked fund said on Thursday. Five in a statement. The money will come from CIF’s Coal Accelerator investment program.

In South Africa, this money will be used to close coal-fired power plants and replace them with renewable energy plants and battery storage systems, he said.

In Indonesia, CIF will work with public electricity supplier PT Perusahaan Listrik Negara and private companies to accelerate the closure of a 2,000 MW coal-fired power plant within 5 to 10 years and explore how replace this capacity.

South Africa is the world’s 13th largest greenhouse gas producer, with 45% of its 452 million tons of annual emissions coming from electricity generation. Indonesia is the 10th largest emitter.

Almost all of South Africa’s electricity is produced from coal by power company Eskom Holdings SOC Ltd. and the country suffered frequent power outages.

“Over the next eight years, South Africa needs $60 billion in investments to make the transition” away from coal, said Barbara Creecy, South Africa’s Environment Minister.

The amount allocated is part of a $2.6 billion package being raised by the government from public and private sources to help pay for the clean energy transition, he added. South Africa is also negotiating $8.5 billion in climate finance under an agreement with the United States, United Kingdom, Germany, France and the European Union known as the Partnership for Public Energy Transition