Egypt's Vision 2040: Leading the Low-Carbon Hydrogen Economy
Key Ideas
- Egypt aims to be a leading country in the low-carbon hydrogen economy by 2040, with a focus on green hydrogen production incentivized by new laws.
- Minister Esmat highlighted the strategic importance of Egypt's location for power linkage between Africa, Asia, and Europe.
- The country plans to increase its renewable energy percentage to over 60% by 2040 to improve energy efficiency and reduce consumption.
- Egypt's energy strategy aligns with Egypt Vision 2030 and Sustainable Development Goals for integrated and sustainable development.
During the Ministerial Meeting of the IEA World Fusion Energy Group, Egyptian Minister of Electricity Mahmoud Esmat announced Egypt's ambitious plans to become a leading player in the low-carbon hydrogen economy by 2040. The minister emphasized the significance of Egypt's geographical location, which serves as a crucial hub for power linkage among Africa, Asia, and Europe. To achieve its goals, Egypt will focus on increasing its renewable energy percentage to over 60% by 2040, aiming to enhance energy efficiency and rationalize consumption. This shift towards green hydrogen production is supported by new laws aimed at incentivizing the development of sustainable energy sources. Egypt's energy strategy is part of its commitment to the Egypt Vision 2030 and aligns with the Sustainable Development Goals (SDGs), emphasizing the importance of integrated and sustainable development for the country's future.