Date: May 11
Africa and Europe are emerging as the main drivers of the global green hydrogen economy, according to an article published in The Energy Newspaper. The growing demand for clean energy and the commitment to decarbonization are leading to rapid growth in the production and consumption of green hydrogen in both regions.
Green hydrogen is produced by electrolysis of water using renewable energy, making it a clean and sustainable energy source. With its ability to store long-term energy and provide transportation and heating solutions, green hydrogen is a key player in the transition to a low-carbon future.
In Europe, the European Commission has launched the European Hydrogen Strategy, an ambitious plan that seeks to increase the production of green hydrogen and its use in various sectors. This strategy aims to reach a capacity of 40 GW of electrolysis by 2030 and generate employment in the region, stimulating economic growth and cooperation among member countries.
Meanwhile, Africa, with its abundant sun and wind, has enormous potential for renewable energy generation. The continent has the potential to become a major exporter of green hydrogen, especially to Europe. Projects such as the green hydrogen plant in Namibia, with an investment of 4,000 million euros, are examples of how Africa is taking advantage of its natural resources to develop a sustainable economy based on green hydrogen.
Alliances between African and European countries are essential to boost the green hydrogen market. An example of this is the collaboration between Germany and Morocco in the “Power-to-X” project, which seeks to produce green hydrogen in Morocco and export it to Germany for use in the chemical industry and the transport sector.
However, despite the growth in the production and consumption of green hydrogen, there are still challenges to overcome. Among them are the need to reduce production and transportation costs, as well as improve infrastructure and efficiency in energy conversion.
To meet these challenges, it is crucial that governments, businesses and investors collaborate on research and development of innovative technologies and solutions. In addition, incentive policies and regulations must promote the adoption of green hydrogen in all sectors of the economy.
In short, Africa and Europe are leading the green hydrogen revolution, and their mutual cooperation is essential to ensure a prosperous and sustainable energy future. By meeting the challenges and seizing the opportunities that green hydrogen offers, both regions can play a critical role in the global transition to a low-carbon economy.
Source: El periódico de la energía