The collaboration will support commercial strategies, technology, and capacity-building initiatives for the deployment of low-carbon hydrogen in poor nations.
Together with the Federal Ministries for Economic Cooperation and Development (BMZ) and for Economic Affairs and Climate Protection (BMWK), KfW presented the first financing platform in the world for specialized financing of green hydrogen infrastructure at the UN climate conference in Sharm el-Sheikh and introduced its derivatives.
During Energy Day at the COP27, a new worldwide commission was established with the goal of accelerating planning and approvals for the vast deployment of renewable energy sources and green hydrogen.
The idea would have South Africa export up to 8 million tonnes of clean-burning fuel and its derivatives by 2050 and satisfy local demand of 2 to 5 million tonnes.
At COP27, organizations and projects across the maritime value chain signed a statement pledging to the fast deployment of green hydrogen-based fuels this decade.
The “breakthrough agenda” initiative’s actions are intended to lower energy costs and improve food security and are focused on sectors that account for more than 50% of the world’s greenhouse gas emissions.
A green hydrogen production and storage facility will be built in Egypt along the Mediterranean Sea by a Belgian partnership of energy and green hydrogen-related businesses.
