Government applies for $150m climate fund
Publish date: 03 February 2025
Issue Number: 1111
Diary: IBA Legalbrief Africa
Category: Namibia
Namibia has applied to the Climate Investment Fund for financing to support its ambitious plan to develop a large-scale green hydrogen production sector, reports the New Era. Namibia’s green hydrogen commissioner James Mnyupe confirmed that the country has requested $150m, approximately N$2.8bn, from the fund. ‘Countries around the world can apply for up to $250m that they can use to invest in private sector companies. We have asked for about $150m. We look forward to the feedback for that in quarter two this year,’ he said. Mnyupe is a member of the Namibia Green Hydrogen Council, which is leading the government’s efforts to establish a large-scale, low-cost renewable energy production sector. He stated that this year, Namibia is anticipated to move beyond the planning phase, with some projects expected to begin production.