Egypt in a groundbreaking development, has taken a monumental stride in the direction of sustainable energy by inaugurating its national council for green hydrogen Initiatives. This visionary endeavor is poised to drive substantial investments into one of the most promising realms of clean energy production.
Egypt to combat climate change and reduce its carbon footprint, has set ambitious targets for attracting foreign direct investments by $81.6 billion in green hydrogen projects by 2035. These endeavors align with the nation's overarching energy strategy for 2035, as Egypt commits to transitioning to carbon neutrality while simultaneously curbing emissions from its energy sector.
The national council for green hydrogen initiatives, core mission is to align these efforts with the principles of sustainable development and Egypt's broader economic and social development plans while ensuring Egypt's competitiveness both on the international and regional stages.
Egypt's strategic advantages position it uniquely as a green hydrogen production powerhouse. The country is the world's lowest production costs for green hydrogen, with production costs anticipated to plummet to low $1.7 per kilogram by 2050, compared to $2.7 in 2025. This cost not only positions Egypt as a global frontrunner in green hydrogen but also promises to significantly curb its reliance on petroleum imports while making substantial strides in reducing carbon emissions, according to an official statement released by the Egyptian government.