UK to back SA's green hydrogen plans with grant funding | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 80%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The UK government has announced it will support South Africa's green hydrogen plan with grant-funded technical assistance. | News24_Business

President Cyril Ramaphosa shakes hands with King Charles III and Camilla, Queen Consort of the UK during his welcome ceremony at Horse Guards.The UK will support South Africa's green hydrogen plans with grant-funded technical assistance.

The grant funding – a figure of which has not yet been disclosed – is part of the UK's contribution to the Just Energy Transition Partnership. The initiative on green hydrogen is linked to the UK's Partnering for Accelerated Climate Transitions programme. The UK PACT has already been involved in knowledge sharing for the development of The programme has also funded studies on the employment opportunities and skills needed for South Africa's green hydrogen economy.

The UK government also flagged an upcoming $5 billion investment by a UK company – Hive Energy – to build a green ammonia plant in South Africa. The plant will create local jobs while presenting an economic opportunity for the UK and other firms involved in the project. "I look forward to welcoming President Ramaphosa to London this week to discuss how we can deepen the partnership between our two great nations and capitalise on shared opportunities, from trade and tourism and security and defence," he added.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

_Business There's always a catch

_Business To the Bee suitcases.Corruption galow

_Business Another loan

_Business Oh happy days oh happy ANC gravy bonuses are arriving this time in GBP oh happy days the comrades are dancing the Mercs are being ordered oh happy days the new Dubai home is under way oh happy days

_Business More looting loading, they should just keep Shrek there VoetsekANC

_Business Oh geez! Piggy trough being refilled! Overflowing!

_Business It’s going to go straight to their pockets & to the NPO accounts. We’ve seen this movie before. Not once but many times.

_Business Just more money for the ANC cadres to steal

_Business Nothing will come of this, instead Eishkom will hit us with Stage 10, as Another National Crisis party in the dark does magic tricks with this grant. 'Poof, the money is gone', and they all clap, happy with the performance that sees them get even fatter through 'their hardwork'.

_Business Another loan again yahh nehh ubaphethe rag

_Business Can we please see some action now. We have been treading water for years. Promises, promises and no action.

_Business Nwye Nwye we don’t need white people….Nwye Nwye we can do everything ourselves….third world country and handouts

_Business All those who accused CR of 'gallivanting' in the UK while the nation is starving at home should take not of this achievement. Bravo CR.

_Business An unwelcome announcement

_Business Thank you so much Umlungu for continuing to take take of Africa and it residents.

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:

 /  🏆 4. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

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

New finance laws for South Africa get the green lightFinance minister Enoch Godongwana has put forward new laws to deal with money laundering and financing of terrorism by the Financial Action Task Force (FATF) and the risk of greylisting – among other things.
Source: BusinessTechSA - 🏆 24. / 61 Read more »

South Africa is negotiating more green finance dealsSA has secured $8.5 billion (around R147 billion) in climate finance from some of the world’s richest countries. It is in talks with additional nations to help it cut reliance on coal, Environment Minister Barbara Creecy said. Moneyweb GreenEnergy I wonder how happy Gwede is about this?
Source: Moneyweb - 🏆 5. / 77 Read more »