Unlocking Green Hydrogen Opportunities in Asia-Pacific and Africa: Bridging Industry Conversations for Sustainable Growth
Key Ideas
- Africa and Asia-Pacific regions show potential in green hydrogen production, aiming to become key players in the global market.
- Challenges include high costs of green hydrogen compared to grey hydrogen and the need for financing infrastructure.
- Regional collaboration is essential to unlock market opportunities for hydrogen-derived fuels in sectors like shipping.
- Policy considerations must balance economic benefits with social and environmental impacts for a just and equitable energy transition.
Ahila Karan, from Lloyd’s Register, highlights the potential for green hydrogen in Asia-Pacific and Africa but acknowledges challenges in scaling up production and distribution. The regions are developing national strategies for hydrogen, with Africa positioned as a global hydrogen leader. The maritime sector's net-zero goals could stimulate investments in green hydrogen between the two regions. However, high costs and lack of financing hinder progress. The recent Maritime Fuel Supply Dialogues emphasized the need for investments in hydrogen-based fuels. The roundtable in Namibia discussed investment barriers and regional cooperation opportunities, stressing the importance of a cohesive effort between demand and supply hubs. Policymakers must consider social and environmental impacts to ensure a just energy transition. Collaboration with key stakeholders is crucial for infrastructure development and market acceleration.
Topics
Power
Energy Transition
Decarbonisation
Green Economy
Sustainable Development
Maritime Industry
Clean Fuels
Regional Cooperation
Investment Barriers
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