Gulf Newsbreak
    What's Hot

    Scotland cause major upset in their Euro 2024 qualifier by defeating Spain 2-0

    March 28, 2023

    Seegene declares to share Syndromic PCR technologies to prevent future pandemics

    March 28, 2023

    Kolkata is now served daily by Etihad Airways

    March 27, 2023
    • Home
    • Contact Us
    Facebook Twitter Instagram
    Gulf NewsbreakGulf Newsbreak
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • More
      • Sports
      • Technology
      • Travel
    Gulf Newsbreak
    Business

    Africa is primed to become a global leader in green hydrogen

    November 12, 2022
    Share
    Facebook Twitter LinkedIn WhatsApp Pinterest Email Tumblr Reddit VKontakte Telegram

    In a landmark report released by Masdar and Abu Dhabi Sustainability Week (ADSW) on the sidelines of the UN Climate Change Conference (COP27) in 2022, the continent could capture as much as ten percent of the global green hydrogen market, creating 3.7 million jobs and adding as much as US$120 billion to the continent’s GDP.

    Africa is primed to become a global leader in green hydrogenUsing Africa’s abundant solar and wind resources, 30 to 60 million tonnes of green hydrogen (mtpa) can be produced by 2050, approximately 5 to 10% of global demand, according to the report “Africa’s Green Energy Revolution: Hydrogen’s role in unlocking Africa’s untapped renewables,” prepared with McKinsey & Company’s analytical support. It is estimated that by 2050, an African hydrogen industry with that production capacity would create 1.9 to 3.7 million jobs and boost GDP by $60 to 120 billion.

    With a cost of about US$1.8 to 2.6 per kilogram (kg) in 2030, Africa could be one of the most competitive sources of green hydrogen in the world. By 2050, as hydrogen production technology matures and renewable energy costs continue to decline, the cost could drop to about US$1.2 to 1.6 per kg. By 2050, African energy exports via green hydrogen and derivatives will reach 20 to 40 mtpa as a result of Africa’s proximity to demand centers in Europe and Asia.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email

    Related Posts

    With Trust International acquisition, Edge strengthens defence and technology portfolios

    March 27, 2023

    The third largest fish producer in the world, India accounts for 8 percent of global production

    March 25, 2023

    A gold price peak may be near – and it may last

    March 23, 2023

    Credit Suisse and UBS are in talks to merge – FT

    March 18, 2023

    Ryan Reynolds joins other celebrities in $1.35 billion Mint Mobile deal

    March 15, 2023

    In JV with SEG ENERA, AD Ports enters Uzbekistan logistics

    March 6, 2023
    Latest News

    Scotland cause major upset in their Euro 2024 qualifier by defeating Spain 2-0

    March 28, 2023

    Scotland produced a shock result in their Euro 2024 qualifier, beating Spain 2-0 at Hampden…

    Seegene declares to share Syndromic PCR technologies to prevent future pandemics

    March 28, 2023

    Kolkata is now served daily by Etihad Airways

    March 27, 2023

    With Trust International acquisition, Edge strengthens defence and technology portfolios

    March 27, 2023

    Indian space program places 36 satellites in their intended orbits

    March 27, 2023
    Business

    With Trust International acquisition, Edge strengthens defence and technology portfolios

    March 27, 2023

    The third largest fish producer in the world, India accounts for 8 percent of global production

    March 25, 2023

    A gold price peak may be near – and it may last

    March 23, 2023
    News

    An oasis of tranquility for the diverse Abu Dhabi community – Abrahamic Family House

    March 24, 2023

    Globally, water pollution and sanitation are major problems – UN

    March 23, 2023

    Funding drought compels UN food agency to cut rations in Afghanistan

    March 18, 2023
    Travel

    Kolkata is now served daily by Etihad Airways

    March 27, 2023

    Dubai airline flydubai announces AED1.2 billion profit for 2022

    March 1, 2023

    Dubai Holding acquires full control of the Westin Paris – Vendome

    February 27, 2023
    © 2022 Gulf Newsbreak | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.