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Namibia secures $544 million in climate finance at COP27

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Namibia said at the COP27 summit on Tuesday that it had secured over 540 million euros ($544 million) in climate finance from the Dutch government and European Investment Bank.

Namibia's President Hage Geingob addresses the 77th Session of the United Nations General Assembly at U.N. Headquarters in New York City, U.S., September 21, 2022. REUTERS/Brendan McDermidon Tuesday that it had secured over 540 million euros in climate finance from the Dutch government and European Investment Bank.

The Dutch grant is from infrastructure funding vehicle Invest International, while the facility from the European Investment Bank is to build green hydrogen and renewable energy projects in Namibia.

 

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Bye bye beautiful Namibia, another one bites the dust😥

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