Egypt has launched a comprehensive national low-carbon hydrogen strategy as part of its broader “Egypt Vision 2030” initiative. The strategy, announced by Prime Minister Mostafa Madbouly, is designed to transition Egypt toward a more sustainable and diversified energy portfolio while addressing climate change goals.
Key aspects of the strategy include boosting domestic hydrogen production and consumption, with an initial focus on strengthening the local green hydrogen market before expanding into exports.
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Economy boost
The government anticipates that this strategy will significantly impact the economy, potentially increasing the GDP by around $18 billion and creating approximately 100,000 jobs by 2040. Additionally, this initiative is expected to enhance energy security and attract substantial foreign investment.
Egypt’s ambitions include positioning itself as a global leader in green hydrogen, capitalizing on strategic locations like the Suez Canal Economic Zone. The Zone has already secured a significant contract worth 397 million euros to export green fuel to Europe, underscoring the country’s commitment to becoming a key player in the global green energy market.
The strategy was developed in collaboration with international partners, including the European Bank for Reconstruction and Development, highlighting Egypt’s efforts to align with global sustainability trends and to meet its environmental commitments.
