The Green Climate Fund (GCF) has approved $140 million in catalytic financing to advance industrial decarbonisation in South Africa and Namibia, with the investment expected to attract additional private capital into green hydrogen, ammonia, methanol and other low-carbon industrial infrastructure. The approval was granted on October 27, 2026, during the fund’s 46th board meeting in Songdo, South Korea. The financing will be channelled through Climate Fund Managers’ Climate Investor Three facility, with $84 million allocated to South Africa’s SA-H2 Fund and $56 million earmarked for Namibia’s SDG Namibia One Fund. The...