Climate Briefs - Green Hydrogen Could Sustainably Industrialise Africa and Boost GDP... allafrica: Africa AfricaClimateCrisis ClimateCrisis ClimateChange GreenHydrogen RenewableEnergy COP27
to the African Development Bank Group's Climate Action Window, German State Secretary for Economic Cooperation and Development Jochen Flasbarth has announced. At the 27th session of the UN Climate Change Conference in Sharm El Sheikh, Egypt, Flasbarth made the announcement during a ministerial panel for climate-vulnerable nations and supporters of adaptation funds. The discussion, Putting good quality adaptation funding in the limelight at COP27, was organised by the High Ambition Coalition.
Green hydrogen, according to new research from the and McKinsey, could sustainably industrialise Africa and increase GDP by 6 to 12% in six key nations. It concludes that by 2050, green hydrogen could increase the GDP of Egypt, Kenya, Mauritania, Morocco, Namibia, and South Africa by U.S.$126 billion, equivalent to 12% of these countries’ current GDP.
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