Egypt launches its national low-carbon hydrogen strategy

This initiative is part of Egypt's broader approach towards a low-carbon economy and environmental sustainability. 

By 2040, the strategy aims to increase Egypt's GDP to nearly $18 billion, create over 100,000 jobs, and double energy security through diversified sources. 

It also targets significant carbon emission reductions and supports the transition to a green economy.

The strategy includes plans to expand hydrogen and derivative production, increase domestic hydrogen use in industries and transportation, and eventually export to global markets. 

Prime Minister Mostafa Madbouly noted in a statement that the strategy contributes to enhancing Egypt’s efforts towards diversifying clean and sustainable energy sources and reducing carbon emissions in line with its international commitments.

He emphasized the importance of this strategy as it comes within the steps aimed at achieving the sustainable development goals of “Egypt Vision 2030.”

Egyptian cabinet’s official spokesperson Mohamed Elhomosany said that the strategy depends on Egypt’s distinguished geographical location and abundant natural resources, especially solar and wind energy, to support the production of low-carbon hydrogen.

He added that the strategy aims to enhance cooperation with international partnerships and financial institutions to promote research, development, and investment in this field.

According to Elhomosany, the strategy was carried out in cooperation with several international partners, notably the European Bank for Reconstruction and Development (EBRD).