Climate Fund Managers BV (CFM) has launched a new global energy transition and green hydrogen fund, Climate Investor Three (CI3), with an initial capital commitment of EUR 150 million from European donors. The fund will focus on accelerating green hydrogen and energy transition projects in South Africa and Namibia. CI3 will invest directly into projects or through country-specific underlying funds, such as SDG Namibia One and SA-H2. SDG Namibia One is a collaboration with the Environmental Investment Fund of Namibia and Invest International to support Namibia's energy transition and green hydrogen sector. SA-H2, backed by Invest International, Sanlam Limited, the Development Bank of Southern Africa, and the Industrial Development Corporation of South Africa, aims to boost South Africa's hydrogen economy. Sebastiaan Surie, head of hydrogen at CFM, emphasized the importance of green hydrogen in the global energy transition and the potential of emerging markets to lead this change. The fund aims to unlock private sector investment in green hydrogen technologies and associated infrastructure, contributing to global climate goals and promoting economic development and energy security in regions that need it most.