About R2 billion use set aside to unlock private sector investment for climate related funding in South Africa, Eswatini, Lesotho and Namibia.
The Development Bank of Southern Africa (DBSA) said this will be achieved through the Climate Finance Facility (CFF).
The CFF will bridge market gaps by offering credit enhancement, concessional funding, and long-term financing for infrastructurm projects that mitigate or adapt to climate change. It targets sectors including renewable energy, energy efficiency, low-emission transport, water efficiency and water preservation.
“By addressing financial barriers, particularly for smaller scale projects, particularly in semi-urban and rural areas, the CFF mobilises private sector capital through a 1:5 leverage model, ensuring impactful solutions receive the funding they need” said the DBSA.
To find out more about CFF funding opportunities and how to apply, visit https://www.dbsa.org/climate-finance-facility or contact cff@dbsa.org.