COP27: Africa Geared to Become Global Green Hydrogen Leader, Report Shows
By Charles Ogallo Africa could capture up to 10 percent of global green hydrogen market, helping to create up to 3.7 million jobs and adding as much as US$120bn to gross domestic product (GDP) by 2050, report released at COP27 shows. The landmark report issued jointly by Masdar and its Abu Dhabi Sustainability Week (ADSW) platform on the sidelines of the 2022 United Nations Climate Change Conference (COP27 also shows Africa’s plentiful solar and wind resources could be leveraged to produce 30 to 60 million tons per annum (mtpa) of green hydrogen by 2050, about 5 to 10 percent of global demand. “Africa’s Green Energy Revolution: Hydrogen’s role in unlocking Africa’s untapped renewables,” says the report produced with analytical support provided by McKinsey & Company. An African hydrogen industry with that production capacity would likely create 1.9 to 3.7 million jobs and boost GDP by as much as US$60 to 120 billion by 2050, the report finds. Speaking at the launch of the r
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