Climate Fund Managers BV (CFM) has launched Climate Investor Three (CI3), a global energy transition and green hydrogen fund with EUR 150 million in capital commitments. The fund, structured as a family of funds, aims to invest in energy transition and green hydrogen projects in emerging markets. Through partnerships with countries like Namibia and South Africa, CI3 seeks to incubate and develop the green hydrogen sectors, utilizing abundant renewable resources in these regions. Green hydrogen, produced through water electrolysis using renewable energy, is a key enabler of the global energy transition due to its versatility and portability, essential for decarbonizing hard-to-abate sectors. CI3's blended finance structure supports projects from development to construction, mobilizing private sector investment at scale. The fund's focus on driving sustainable development in emerging markets has received positive feedback from various stakeholders, highlighting the importance of collaboration between public and private sectors for the success of the energy transition and green hydrogen development.