SA sets sights on $250bn investment in hydrogen sector

SA has unveiled a plan at COP27 to target the green hydrogen industry. Picture: Bloomberg

The industry could create 1.4-million jobs and generate as much as $30bn in annual revenue by that year, according to Masopha Moshoeshoe, a green economy specialist in the presidency’s investment and infrastructure office. The plan, included in a presentation by Moshoeshoe at the COP27 international climate conference in Egypt on Monday, would involve SA exporting as much as 8-million tonnes of the clean-burning fuel and its derivatives by 2050 and satisfying local demand of 2-million to 5-million tonnes, he said.

The war has driven up natural gas prices and threatened security of supply. Investment funds, governments and utilities are pledging to spend billions of dollars for the clean fuel.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SA government now begging the industry it helped collapseAmsterdam-based Lekela Power in South Africa says that global supply chain issues that are slowing the construction of renewable plants, making it harder for South Africa to change course. Wind and Solar is not going to cover the SA electricity demand. What we need is to get Brulpada and Luiperd online ASAP and start building gas power plants. Its cheap to build and burning gas doesn't have much carbon emissions. Wind and Solar must contribute but not replace. Karma The current government is doing alot🚮🚮🚮🚮 admin are you hearing yourself.
Source: BusinessTechSA - 🏆 24. / 61 Read more »

Jamaica’s tourist industry recoversSector struggles to replace workers as tourists flock back to the white sand beaches
Source: BDliveSA - 🏆 12. / 63 Read more »

ANDREW RUSSELL: There is too much at stake for the sugar industry to let Tongaat Hulett failSA will miss many opportunities if the company cannot secure the funding it needs to survive
Source: BDliveSA - 🏆 12. / 63 Read more »

Are project managers agile enough to ensure industry transformation? | The CitizenProject managers have a unique set of transferable skills that will help aid them in industry transformation during this age of digitalisation.
Source: TheCitizen_News - 🏆 6. / 75 Read more »