GREEN HYDROGEN FOR AFRICA: OPPORTUNITIES AND OBSTACLES IN AFRICAN MARKETS - Although hydrogen energy is becoming an increasingly important decarbonization tool, the high financial costs and carbon intensity of its production present significant barriers to its widespread adoption.
However green hydrogen, which is produced from water using renewable energy, has a production process that is less carbon intensive. African countries are uniquely positioned to capitalize on green hydrogen production, with their abundant access to natural sunlight. Green hydrogen initiatives and internationally funded projects are appearing across the continent, popping up in countries such as Egypt, Mauritania, Namibia, and South Africa.
In this burgeoning market, fostering transparency, increasing visibility, and understanding the investment ecosystem are of paramount importance for the continent and for investors as they look to attain the benefits of green hydrogen.
ORIGINAL AIRDATE: 6/21/23