NEIGHBOURHOOD AND ENLARGEMENT - MEDGEM National Consultation Workshop in Egypt on Green Hydrogen: “Empowering Egypt: Fueling the Future with Green Hydrogen Investments.”

On 5 December, the EU-funded MED-GEM Network in collaboration with the EU Delegation to Egypt and Egyptian government entities organised a National Consultation Workshop in Egypt on Green Hydrogen under the theme, “Empowering Egypt: Fueling the Future with Green Hydrogen Investments.” This workshop followed the EU-Egypt Investment Forum (June 2024), where the EU and Egypt committed to accelerating the transition to clean energy through joint investments, innovative policies, and enhanced partnerships.

date: 12/12/2024

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Contact: Milou BEEREPOOT

With abundant renewable energy resources and a strategic location, Egypt is uniquely positioned to capture 8% of the global green hydrogen market by 2040. The Green Hydrogen Incentives Law (2024) and Egypt’s Low Carbon Hydrogen Strategy are critical steps toward this goal.

In her keynote address, H.E. Dr. Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation, stated: “With Law No. 22 of 2024, the Green Hydrogen Incentives Law, Egypt is poised to lead the low-carbon hydrogen economy.”

During his opening remarks, Lorenzo Vingut Harrington, Team Leader, Green and Sustainable Transition Cooperation Section, EU Delegation to Egypt, emphasized: “Our collaboration with the Egyptian Hydrogen Council and the Cabinet of the Prime Minster underscores the EU’s role as a reliable partner in implementing this vision. During today’s MED-GEM’ workshop, we are pleased to announce the launch of a new Technical Assistance program with Egyptian authorities. This initiative will provide the necessary tools and guidance to design and implement the regulatory and policy actions needed to achieve the ambitious objectives set out in Egypt’s hydrogen strategy.”

The workshop featured brainstorming sessions on:

1) Policy and Regulation: the session emphasized aligning Egypt’s frameworks with international standards to attract foreign investments.

2) Market Demand and Offtake Agreements: this session explored strategies to bridge Egypt’s green hydrogen supply with Europe’s growing demand.

3) Financing Green Hydrogen: the session highlighted innovative tools like green bonds and impact investing to accelerate hydrogen initiatives.

The outcomes of this workshop will serve as a roadmap for advancing the EU-Egypt collaboration on green hydrogen, aligning with the EU’s vision for carbon neutrality by 2050. Follow-up actions will focus on refining policies, securing investments, and fostering partnerships to implement the discussed priorities.