Innovative new projects join Climate Finance Accelerator South Africa

These new projects from across South Africa have been announced as the second cohort of projects for Climate Finance Accelerator (CFA) South Africa support, following a call for proposals that attracted 166 applications. The chosen projects come from the energy, transportation, AFOLU (Agriculture, Forestry and Other Land Uses), circular economy and water sectors. This follows a successful first round in 2021 that has so far seen almost a third of projects find new partners and investors.

CFA South Africa is part of the UK Government’s investment into South Africa’s transition to a low carbon economy and is delivered in partnership with the National Business Initiative (NBI) and GreenCape. Between 2011-2021 the UK contributed over £250 million in International Climate Finance to support South Africa. The UK is also, alongside France, Germany, the US and EU taking forward the Just Energy Transition Partnership (JETP) with South Africa.

British High Commissioner, Antony Phillipson said:

It is fantastic to see that CFA South Africa has attracted so many high-quality applications from low carbon projects across the country. The projects selected to be part of the CFA are truly innovative and the variety of sectors that they cover demonstrate the vital role that business can play in helping to deliver green growth and tackle the climate emergency in South Africa.

To ensure the projects are in the best position to attract investment from financiers, they will…