Green hydrogen can sustainably industrialise Africa and boost GDP by up to 12% in the six countries of the Africa Green Hydrogen Alliance (AGHA), according to a new report.
With global demand for hydrogen projected to rise sevenfold by 2050, analysis from the Africa Green Hydrogen Alliance – and analytical support from McKinsey – quantifies opportunities for Alliance members Egypt, Kenya, Mauritania, Morocco, Namibia, and South Africa.
By 2050, green hydrogen could increase the GDP of the six countries by $126bn, which is equivalent to 12% of these countries’ current GDP – an encouraging forecast, as COP27 focuses on the key role of energy in climate change in ‘Energy Day’.
Potentially all six countries could meet the entirety of their own demand for green hydrogen and related-products needed for heavy industry and segments of transport, estimated at 10-18Mt by 2050. This would include uses such as the use of green hydrogen as a replacement fuel for coal in steel making, or the production of green ammonia to make fertiliser.
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