CAIRO – Egyptian Prime Minister Moustafa Madbouli asserted the importance of the national low-carbon hydrogen strategy that was announced by the government on Thursday as part of steps to attain Sustainable Development Goals “Egypt Vision 2030.”
The move comes as part of Egypt’s efforts to achieve transition to low-carbon economy and boost environmental sustainability, added Madbouli.
The strategy will be mainly contributing to boosting the country’s efforts to having different clean and sustainable energy sources and curbing carbon emissions in accordance with international obligations to combating climate change, he added.
The cabinet’s spokesman Mohamed el-Homsani said the strategy calls for benefiting from Egypt’s unique and strategic geographical location and the country’s various natural resources, with special focus on solar energy and wind power to produce low-carbon hydrogen.
It is aiming to promote cooperation with international partners and financial institutions to support search, development and investment in this vital sector, he said.
The spokesman added the strategy is expected to play a pivotal role in activating the energy sector in Egypt and lure more foreign investments along with providing new job opportunities and improving economic efficiency in using local resources.
The low-carbon hydrogen strategy is a forward-looking plan that seeks to position Egypt as a global leader in the low-carbon hydrogen economy.
It is based on harnessing global experiences and innovations in hydrogen production and renewable energy.
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