ECOWAS Pushes for Private Sector Investment in Green Hydrogen Development
Key Ideas
- ECREEE and the Federal Ministry of Power advocate for increased private sector involvement in green hydrogen opportunities.
- The workshop emphasized the potential of green hydrogen to drive economic growth, energy security, and environmental sustainability in West Africa.
- The ECOWAS region aims to produce 0.5 million tons of green hydrogen annually by 2030 and 10 million tons per year by 2050.
- Collaboration between government, private sector, and regional organizations is vital to achieving the set green hydrogen targets and policy frameworks.
The ECOWAS Centre for Renewable Energy and Energy Efficiency (ECREEE) and the Federal Ministry of Power joined forces to advocate for increased private sector investment in green hydrogen opportunities. This call was made at the opening of a two-day Regional Capacity Building Workshop in Lagos, organized by various entities including the German Ministry of Education and Research. The workshop highlighted the crucial role of green hydrogen in driving economic growth, energy security, and environmental sustainability across West Africa. Speakers emphasized the vast potential of green hydrogen in reducing carbon emissions, creating jobs, and fostering innovation in the region.
Dr. Bruno Korgo, the Regional Coordinator for Renewable Energy and Green Hydrogen at WASCAL, discussed the ambitious targets set for green hydrogen production in the ECOWAS region, aiming for 0.5 million tons annually by 2030 and 10 million tons per year by 2050. The workshop also addressed the importance of collaboration between government and private sector entities to achieve these targets. Hyacinth Elayo, from ECREEE, outlined the organization's objectives to develop millions of tons of green hydrogen, create scalable clusters, and attract significant investments in the sector.
The workshop stressed the need for the private sector to drive green hydrogen development, with a focus on creating investment projects that align with the region's green hydrogen policy and strategy framework. It was highlighted that West Africa's geographical proximity to European demand centers positions the region as a key player in the global green hydrogen industry. The agenda of the event encompassed discussions on technological innovations, policy frameworks, and investment strategies crucial for advancing green hydrogen goals in the ECOWAS region.
Topics
Green Hydrogen
Renewable Energy
Climate Change
Sustainability
Investment
Private Sector
Regional Collaboration
Latest News