Namibia Calls for Increased Investment in Energy Transition Initiatives at the UN General Assembly
Key Ideas
  • President Mbumba urges developed nations to increase support for developing countries in energy transition efforts.
  • Namibia is focusing on developing renewable energy and green industrialization to combat climate change.
  • The country is seeking million-dollar investments in green hydrogen and negotiating funding options with the EU.
  • Both the EU and Japanese government are supporting green hydrogen initiatives to meet climate change goals.
President Nangolo Mbumba of Namibia addressed the United Nations General Assembly in New York, calling for increased investment from developed nations to support developing countries in their energy transition initiatives. Namibia is actively working on developing renewable energy sources and green industrialization to reduce greenhouse gas emissions. President Mbumba highlighted the country's efforts to establish green industrialization ecosystems to combat climate change impacts and support its industrialization agenda. Namibia aims to secure significant investments in green hydrogen, with negotiations underway with the European Union for importing hydrogen and ammonia. The EU and Japanese government are also backing green hydrogen projects to achieve their climate change targets.
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