Green Hydrogen: Bridging Energy Gaps in Asia-Pacific and Africa
Key Ideas
- Africa and Asia-Pacific regions show promising potential in green hydrogen production, with a focus on maritime industry decarbonisation and regional cooperation.
- Challenges like high costs and limited demand hinder green hydrogen adoption, necessitating creative solutions and collaborative efforts.
- The Maritime Fuel Supply Dialogues aim to bridge the gap between national hydrogen strategies and shipping sector demands, enhancing infrastructure investments and policy support.
- Stakeholders emphasize the need for a cohesive regional approach to fuel supply chains to unlock economic benefits and accelerate energy transition while considering wider impacts.
Countries in the Asia-Pacific and Africa regions are exploring the potential of green hydrogen in the emerging hydrogen economy, focusing on opportunities and challenges in scaling up production and distribution. Africa, in particular, is seen as a key player, with ambitions to lead in green hydrogen production for global markets. Despite the high cost of green hydrogen compared to grey hydrogen, there is a push for investments, especially in the maritime sector, to drive decarbonisation. The Lloyd’s Register maritime decarbonisation hub held a roundtable to discuss the investment needed for hydrogen-based fuels in shipping, emphasizing the importance of regional cooperation. The International Maritime Organization's target for zero-emission fuels by 2030 highlights the pivotal role of hydrogen in maritime decarbonisation. Green shipping corridors are emerging globally, with a focus on infrastructure investments to secure a supply of green hydrogen-derived fuels. The dialogues between stakeholders aim to strengthen supply-demand linkages, enhance fiscal policies, and develop port locations to support regional energy developments. The push for green energies aligns with the growing demand and policy shifts, highlighting the need for scalable solutions and collaborative efforts.
Topics
Green Hydrogen
Energy Transition
Decarbonisation
Maritime Industry
Investment Opportunities
Policy Development
Supply Chain Management
Regional Cooperation
Infrastructure Investments
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