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South Africa President Cyril Ramaphosa and the governments of the Netherlands and Denmark launched a US$1 billion green hydrogen fund to help kick-start an industry in the fight against climate change. South Africa’s energy transition plan will set up an export hub for green hydrogen aiming to use renewable energy without producing greenhouse gas emissions
South Africa President Cyril Ramaphosa and the governments of the Netherlands and Denmark launched a US$1 billion green hydrogen fund to help kick-start an industry in the fight against climate change. South Africa’s energy transition plan will set up an export hub for green hydrogen aiming to use renewable energy without producing greenhouse gas emissions.
During a business forum held in Pretoria, the Dutch Prime Minister said that South Africa should lead the fight against climate change. He added that with its enormous renewable resources, South Africa was uniquely positioned to become a key player in the global hydrogen market, and the Netherlands is equally well-positioned to become a strategic partner; first, as a partner for local development in the fields of renewable energy, hydrogen and infrastructure, and also as a hub for hydrogen imports, he added.
Danish counterpart Mette Frederiksen said that Denmark was very proud to partner in South Africa’s energy transition and would contribute around R3.2 billion to improve supplies of green power and strengthen skills, employment, and local development. He also underlined the importance of growth, fighting climate change, and development.
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President Ramaphosa welcomed his fellow heads of state’s efforts, saying their renewable energy investments would benefit all three countries. He remarked that South Africa wanted to produce hydrogen for use in aviation, green steel, transport, and more and for export to the European Union.
