Like many countries around the world, Egypt is aiming to boost its renewable sources (mainly Green Hydrogen) and reduce its CO2 emissions before 2030.
In line with the UN’s Sustainable Development Goals (SDGs) goals, the North African country has made notable progress in its clean energy transition, but it still faces some significant challenges.
Gasoline accounts for over 60% of electricity generation, and Egypt continues to build new Natural Gas power plants domestically. At the same time, it has added more solar power capacity than any other African country year after year.
Indeed, reaching Egypt’s climate targets and its national vision for 2030 cannot rely solely on the rollout of renewables and electric vehicles. It will need to involve solutions to produce green hydrogen that costs less than natural gas.
Thus, Egypt’s government is increasing its policy focus on green hydrogen to support the decarbonization of hard-to-abate industrial sectors.
Speaking to Sada Elbald, the economic expert Mamdouh Ismaeil said, “Egypt has been making major investments into green hydrogen in accordance with the President’s recommendations to accelerate the adoption of green hydrogen and localized the sustainable industries as well.”
“We have the ingredients to produce green H2 at economic prices.”
“Egypt is moving towards this goal with serious results already in place,” he noted.
It’s worth mentioning that Egypt has received an 81.6$ billion investment from European states and international institutions that promote green hydrogen projects across the world to support the industry of green hydrogen by 2030 in a bid to help achieve the global goals of the UN.