Namibia has announced a major step forward in its green industrialization efforts with the acquisition of USD 250 million in funding from the Climate Investment Funds (CIF). The support will primarily focus on green hydrogen projects and the decarbonization of high-emission sectors.
The funding will be used to develop value chains in critical minerals and clean energy, integrate renewable sources into regional power grids, and strengthen institutional capacity. James Mnyupe, Head of Namibia’s Green Hydrogen Programme, emphasized that this financing will help de-risk early-stage green investments and contribute to a just and inclusive transition.
Namibia is now one of seven countries selected under CIF’s USD 1 billion Industrial Decarbonization Investment Program. The initiative targets green hydrogen, waste heat recovery, and low-emission production of steel, aluminum, and cement — aiming to reduce industrial emissions by 20% by 2030 and 93% by 2050 in developing nations.
Selected from among 26 applicants, Namibia will now prepare a detailed investment plan outlining how the funds will be utilized. The plan is expected to guide the private sector in building clean technology supply chains, developing low to net-zero carbon business models, and driving regional industrial transformation.
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