New Low-Carbon Hydrogen Strategy Expected to Generate USD 18 B by 2040
The strategy focuses on green hydrogen production, aiming to drive economic growth and meet sustainable energy goals.
The Egyptian government has introduced its National Low-Carbon Hydrogen Strategy, aimed at diversifying the country's energy sources and fostering a transition to a low-carbon economy. This strategic initiative is expected to significantly impact Egypt's economic landscape, contributing an estimated USD 18 billion to the country's GDP and generating over 100,000 jobs by 2040.
The strategy's primary focus is on increasing hydrogen production and expanding its application across various sectors, including industry and transportation. By doing so, Egypt aims to solidify its position in the global hydrogen market, enhancing its competitiveness and sustainability in the energy sector.
Aligned with Egypt's Vision 2030 sustainable development goals, the strategy leverages the country's abundant natural resources, particularly solar and wind energy, to bolster low-carbon hydrogen production.
Developed in collaboration with international partners, including the European Bank for Reconstruction and Development, the strategy reflects a concerted effort to integrate global expertise and investment into Egypt's hydrogen economy. The National Council for Green Hydrogen, established in 2023, will play a critical role in overseeing the implementation of this strategy, ensuring its alignment with national goals and global best practices.
To further support the initiative, a new investment website has been launched, designed to attract private sector investment in green hydrogen projects. This platform is expected to facilitate increased engagement from domestic and international investors, driving the growth and sustainability of Egypt's hydrogen sector.
- Previous Article First-Ever Camel Studies Diploma Program Introduced in Saudi Arabia
- Next Article Travel Across History on Egypt's Most Iconic Bridges
Related Articles
Trending This Week
SceneNow TV
Events Calendar
