Thursday 10 November 2022

EU and Egypt commit to step up co-operation on renewable hydrogen at COP27

The European Union and Egypt have made a commitment to step up co-operation on renewable hydrogen at the COP27 climate summit taking place in the latter country this week.

In a joint statement, they said they view renewable hydrogen as a “key contributor” to reducing emissions and ensuring energy security while representing an opportunity for industrial co-operation, sustainable economic growth and job creation.

The partnership is expected to enable them to accelerate the decarbonisation of their energy systems through the development, deployment, use and trade of renewable hydrogen and its derivatives.

They added in a statement: “The EU and Egypt will take the measures necessary to accelerate the deployment of renewable power generation as critical enabler of the production of renewable hydrogen and an essential element of the transition towards decarbonised energy systems. We intend to facilitate and promote investments for boosting the production, storage, distribution and transport of renewable hydrogen and its derivatives.

“We are also intensifying our cooperation on policy and regulatory frameworks, market assessment, research and innovation to facilitate the development of an hydrogen economy.”

Potential environmental concerns will be carefully assessed in the design and implementation of policies promoting the renewable hydrogen industry, in particular relating to the use of water.