Climate Fund Managers (CFM), a blended finance investment manager, has unveiled a global energy transition and green hydrogen fund called Climate Investor Three (CI3). CI3 has initially secured €150 million (US$157.3 million) in capital commitments from European donors. As a feeder fund, CI3 will invest directly into projects across the energy transition and green hydrogen value chain, as well as country-specific underlying funds promoting these markets, namely SDG Namibia One and SA-H2 Fund, which are targeting Namibia and South Africa respectively. CFM noted that emerging markets such as South Africa and Namibia are well-placed to lead the energy transition and green hydrogen sector, bolstering local industries and driving low-emission, climate-resilient economic growth, enabled by their “abundant” renewable resources and “competitive” production costs. “Green hydrogen is a cornerstone of the global energy transition, and emerging markets, with their vast natural capital, are poised to lead the charge,” said Sebastiaan Surie, Head of Hydrogen at CFM. “Through CI3, we leverage our expertise in climate-resilient infrastructure to accelerate the energy transition, unlocking private sector investment for a large range of green hydrogen technologies and associated infrastructure, advancing global climate goals and promoting economic development and energy security where it is most needed.”
