The newly launched SA-H2 Fund aims to raise $1bn which will mobilise large-scale green hydrogen infrastructure across South Africa.
The Fund is supported by Climate Fund Managers (CFM) and Invest International B.V. (II) of the Netherlands, Sanlam Limited of South Africa (Sanlam), the Development Bank of Southern Africa (DBSA), and the Industrial Development Corporation of South Africa (IDC), in collaboration with other strategic partners.
Andrew Johnstone, CEO of Climate Fund Managers, said to achieve Net Zero by 2050, urgent and unprecedented action is needed.
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