GRACELIN BASKARAN: EU upping investment in Africa Green Hydrogen Alliance

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Business News News

Intensification of hydrogen diplomacy could prove a boon for Sub-Saharan Africa

Hydrogen diplomacy has intensified in recent years, and the EU is outpacing other competitors — including the US — on the green hydrogen front in Africa, which has been flagged for its potential to produce up to 50-million tonnes a year by 2050, at or below $1.09/kg.

A joint EU/AU report recently noted that Africa has “extraordinary green hydrogen potential”, and a 2022 study by the European Investment Bank concluded that Africa is worthy of a €1-trillion investment in green hydrogen, which could make the continent an international energy powerhouse. ..

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines