African countries embrace hydrogen as ‘second era’ climate financing kicks in

African countries are busy embracing hydrogen and other clean energies as a ‘second era’ of climate financing is underway, according to discussions on Finance Day at COP27 today.

Speaking at a McKinsey hosted seminar, Shargiil Bashir, Chief Sustainability Officer at First Abu Dhabi Bank, said with the Middle East and Africa grappling with rising temperatures, they are having to step up their clean energy strategies to combat climate change threats.

“Countries like Kenya and Egypt are turning more to green hydrogen for their future needs,” he said. “The energy picture is changing, and in five years’ time, the share of hydrogen will be much bigger than it is today – and that requires lots of investment and collaboration.”

bp recently signed a Memorandum of Understanding (MoU) with the Government of Mauritania to explore the potential for large-scale production of green hydrogen in the renewables-focused country (click here), while the EU has signed a similar framework with Namibia (click here).

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To gain access to this article and all our other content, you will need to subscribe to H2 View.

From the latest print editions, to 24/7 online access to exclusive interviews, authoritative columnists and the H2 View news archive, a subscription is the best way for you to stay up to date with developments in the hydrogen community.

Please wait...