The Government of South Africa, through the Department of Environmental Affairs (DEA) has set aside R800 million to establish the Green Fund. This allocation represents the initial resources available for disbursement by the Green Fund. The DEA has appointed the Development Bank of Southern Africa (DBSA) as the implementing agent of the Green Fund. A Green Fund Management Committee comprising representatives of the DEA, the DBSA and the National Treasury provide the direction and make final decisions on applications made to the Green Fund.

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The Green Fund will respond to market weaknesses currently hampering South Africa’s transition to a green economy by:

  1. Reinforcing climate policy objectives through green interventions
  2. Building an evidence base for the expansion of the green economy
  3. Attracting additional resources to support South Africa’s green economy development