The Egyptian government launched its National Low-Carbon Hydrogen Strategy as part of its ongoing efforts to transition to a low-carbon economy and foster environmental sustainability.

Prime Minister Mostafa Madbouly emphasized the significance of the strategy in aligning with the Sustainable Development Goals outlined in Egypt’s Vision 2030. The initiative is expected to diversify the nation’s energy sources, reduce carbon emissions, and fulfill its international climate change commitments.

According to the official spokesperson for the Cabinet, Counselor Mohamed El Homosany, the strategy capitalizes on Egypt's strategic location and abundant natural resources, particularly solar and wind energy, to support low-carbon hydrogen production. Moreover, it aims to foster international partnerships and financial institutions to drive research, development, and investment in this field.

The strategy is projected to revitalize Egypt’s energy sector, attract foreign investment, create new job opportunities, and enhance the economic efficiency of utilizing local resources.

The strategy, developed in collaboration with various international partners, including the European Bank for Reconstruction and Development, was revealed at the COP27 climate summit in Sharm El-Sheikh. Its action plan includes increasing the production capacity of hydrogen and its derivatives, gradually expanding the domestic use of low-carbon hydrogen across all sectors, especially industry and transportation, and increasing Egypt’s market share in global hydrogen exports.

The government has also launched a dedicated green hydrogen investment platform to stimulate investment in priority sectors through public-private partnerships. The platform highlights Egypt’s competitive advantages, such as its strategic location, investment incentives, and successful partnerships.

It provides information on green hydrogen production plans, framework agreements, and procedures for developing green hydrogen projects. The strategy aims for Egypt to capture 5-8% of the global green hydrogen market.

The National Green Hydrogen Council was established in 2023 to coordinate efforts and drive investment in green hydrogen. The council will be responsible for overseeing the implementation of a strategy and monitoring progress annually. Projections suggest that the strategy could boost Egypt's GDP by up to $18 billion by 2040, create over 100,000 new jobs, and enhance energy security by diversifying energy sources. Additionally, it is expected to significantly reduce carbon dioxide emissions and support the transition to a green economy.