According to Minister of Electricity and Renewable Energy Mohamed Shaker, Egypt will soon begin implementing a national strategy to become a major producer and exporter of green hydrogen.
Green hydrogen will soon play a significant role as a major source of energy for the entire world, according to Shaker. It is essential for lowering carbon dioxide emissions and accelerating the switch to green energy.
The minister made his remarks during a lecture at the Global Energy Interconnection Conference (GEIC), scheduled to take place in Shanghai, China, in 2023.
The meeting attempts to create worldwide plans for sustainable development, energy, climate, and the environment.
Egypt will be better able to compete thanks to this policy, which will also help it carry out its audacious aspirations for the hydrogen industry.
Shaker Further said Egypt now aims to capture up to 8% of the worldwide tradeable market by 2040.
He added that green hydrogen generation might help Egypt’s industrial energy requirements and lessen its reliance on petroleum imports.