The Egyptian Cabinet announced today, on Saturday, that the country intends to announce its national green hydrogen strategy during the United Nations Climate Conference COB 27. Egypt’s goal, according to the national green hydrogen strategy, is to increase the gross domestic product by between $10 billion and $18 billion by 2025.
In a statement, he stated that the plan intends to take 8% of the hydrogen market worldwide.
He added: «The cost of production is scheduled to decrease to $ 1. 7/kg in 2050 compared to $ 2.
7/kg in 2025, it will allow more than 100 thousand new jobs, as well as contribute to reducing Egypt’s imports of petroleum products, as well as reducing carbon emissions. ” .
A number of memorandums of understanding for green hydrogen projects have recently been signed by Egypt, which is hosting the climate conference this month in Sharm El Sheikh. Green hydrogen refers to the creation of hydrogen from renewable energy sources without the emission of carbon dioxide.
Egypt aims to increase GDP 10: 18 billion dollars by 2025 renewable hydrogen
About Author
