Egypt has officially launched its national low-carbon hydrogen strategy in a move to fortify its green economy and work towards achieving its climate change commitments. The strategy, in line with the government’s “Egypt Vision 2030,” aims to diversify energy sources, decrease carbon emissions, and attract foreign investments.
Developed in collaboration with partners such as the European Bank for Reconstruction and Development, the strategy focuses on increasing hydrogen production and consumption within Egypt before expanding exports. By 2040, Egypt anticipates boosting its GDP by almost $18 billion and generating 100,000 job opportunities, thus strengthening energy security in the country.
With ambitions to position itself as a global green hydrogen center, Egypt’s Suez Canal Economic Zone has already secured a substantial contract valued at 397 million euros to export green fuel to Europe. This initiative marks a significant step towards sustainability and economic growth for Egypt while contributing to the global fight against climate change.
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