Cop27: Egypt announced its intention to establish itself as a center for hydrogen production and capture 5% of the world market by 2040.
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The “Green Hydrogen Forum” is launched by Belgium and Egypt with the goal of “becoming a European gateway for the import of green hydrogen.”
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.
The EU Commission President, Ursula von der Leyen, highlighted the enormous potential for renewable energies, green hydrogen in southern nations on the sidelines of the UN climate conference in Sharm El-Sheikh.
