Mauritania's Green Hydrogen Code: Paving the Way for Sustainable Energy Development in Africa
Key Ideas
- Mauritania has approved a legal and fiscal framework for the Green Hydrogen Code, allowing investors to launch green hydrogen projects in the country.
- The law aims to expand access to modern energy, drive the national economy, and facilitate a sustainable transition in the energy sector.
- The Government of the Islamic Republic of Mauritania was advised by Paris-based Mayer Brown team, highlighting successful collaboration in implementing innovative energy policies.
- Investments in green hydrogen projects in Mauritania are set to contribute towards meeting current and future energy requirements while promoting economic growth.
The Government of the Islamic Republic of Mauritania has taken a significant step towards sustainable energy development by approving a legal and fiscal framework for the Green Hydrogen Code. This legislation, spearheaded by the Paris-based Mayer Brown team, led by partner Olivier Mélédo, marks a milestone in Africa as one of the first dedicated legislations enabling investors to launch green hydrogen projects in one of the continent's windiest and sunniest countries.
The Green Hydrogen Code aims to not only increase access to modern energy but also transform it into a key driver of the national economy. By focusing on sustainable energy practices, Mauritania is aligning its energy sector with future requirements and promoting environmental stewardship.
The collaboration between the Mauritanian government and Mayer Brown illustrates successful public-private sector partnerships in implementing innovative energy policies. The expertise provided by the legal team ensures that investments in green hydrogen projects will pave the way for economic growth and contribute to meeting the country's energy demands.
Overall, this development signals a positive shift towards sustainable energy practices in Africa and sets a precedent for other emerging markets to follow suit in embracing green technologies for economic and environmental benefits.