{"id":24174,"date":"2022-07-06T13:17:53","date_gmt":"2022-07-06T13:17:53","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/green-hydrogen-breakthroughgovt-set-to-seal-mega-eu-deal"},"modified":"2022-07-06T13:29:37","modified_gmt":"2022-07-06T13:29:37","slug":"green-hydrogen-breakthroughgovt-set-to-seal-mega-eu-deal","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/green-hydrogen-breakthroughgovt-set-to-seal-mega-eu-deal","title":{"rendered":"Green hydrogen breakthrough\u2026Govt set to seal mega EU deal"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>An impending deal with the European Union to jolt Namibia\u2019s ambitious green hydrogen sector and at the same time reduce the economic bloc\u2019s own dependence on Russian energy<\/p>\n

means the fruits of recent economic diplomacy efforts, as witnessed over the past few months, are becoming visible.<\/p>\n

This is according to presidential economic advisor and Namibia\u2019s green hydrogen commissioner, James Mnyupe.<\/p>\n

\u201cThis will result in Namibia diversifying its potential export market into Europe for the green ammonia we expect to start producing in 2025\/26, and likely lead to us opening up new sources of concessionary capital (foreign direct investment) that will help fund the project here in Namibia,\u201d Mnyupe told New Era yesterday in response to the implications of the imminent deal.<\/p>\n

Yesterday, Germany\u2019s green hydrogen envoy Rainer Baake said his country is keen on supporting Namibia\u2019s ambitions of achieving large-scale, low-cost renewable energy development, and designing models for sustainably maximising fiscal revenue. This, he said, would boost local development in renewable energy investments and green ammonia production. He was speaking during a courtesy call on President Hage Geingob at State House.<\/p>\n

According to Baake, Namibia can expect a stable market for its new green products in Europe, mainly because the EU has set emission reduction targets which their various industries have to meet.<\/p>\n

\u201cEurope is not going to be self-sufficient in energy terms. We can produce all the electricity we need for comprehensive electrification, and we will also produce hydrogen, but not all. About two-thirds of it we will have to import,\u201d the envoy explained. Baake added that both the EU and Germany decided to become climate-neutral; the EU by 2050, and Germany by 2045.<\/p>\n

The German green hydrogen agent specified the way to reach climate neutrality would require the electrification of all<\/p>\n

different sectors in Germany and the wider European communities.<\/p>\n

Big opportunity<\/b><\/p>\n

He noted that Germany is the biggest producer in consumable ammonia, and actually currently produces an astonishing six<\/p>\n

million tonnes of carbon dioxide, the main gas linked to global warming.<\/p>\n

Baake explained: \u201cThe big opportunity for this product is that in the future, Namibia might export green renewable energy-produced ammonia to Germany that will be carbon dioxide-free. This will be helping us with decarbonisation, and Namibia will<\/p>\n

have a very valuable product.\u201d<\/p>\n

Furthermore, he applauded Namibia for deciding on harnessing its solar and wind resources to produce products which industrialise, which are needed in the current era. \u201cYour solar energy can produce about three times the amount of energy as ours.<\/p>\n

There is no other place that has better conditions than Namibia,\u201d the visitor observed. At the same occasion, President Geingob said the potential of the new industry is massive, and can assist Namibia in tackling many challenges. He added that through this potential of green energy and green exports, a new image is awaiting Namibia in the future.<\/p>\n

Green hydrogen and ammonia are articulated in the second Harambee Prosperity Plan\u2019s economic advancement pillar as a transformative strategic industry.<\/p>\n

EU deal<\/b><\/p>\n

International news agency Reuters this week reported on Namibia\u2019s possible hydrogen deal with the EU.<\/p>\n

They quoted director general of the National Planning Commission, Obeth Kandjoze, as saying \u201cwork was underway for a deal on green hydrogen\u201d. Reuters also reported that the EU wanted more access to Namibia\u2019s minerals, but Kandjoze was mum on that subject. The EU, however, declined to comment on the possible deal, saying only that it was working on green hydrogen projects in Namibia. \u201cHydrogen has long been touted as a less emissions-heavy alternative to fossil fuels. But while it has seen some uptake in the EU, chiefly in heavy industry and transportation, high costs and a lack of infrastructure have limited consumption, and the fuel covers just 2% of the bloc\u2019s energy needs,\u201d Reuters stated.<\/p>\n

The German government has already agreed to invest over N$685 million (40 million euros) in Namibia\u2019s green hydrogen sector, while Belgian and Dutch companies are also operating in the country in that field.<\/p>\n

Meanwhile, Israel and Egypt aim to boost natural gas exports to the EU under a memorandum of understanding (MoU) signed on Wednesday. This is as Africa hopes to step in to secure EU exports as Russian energy is replaced.<\/p>\n

Under the MoU, the EU will encourage European companies to participate in Israeli and Egyptian exploration tenders.<\/p>\n

For More News And Analysis About Namibia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. An impending deal with the European Union to jolt Namibia\u2019s ambitious green hydrogen sector and at the same time reduce the economic bloc\u2019s own dependence on Russian energy means the fruits of recent economic diplomacy efforts, as witnessed over the past few months, are becoming visible. This is according to presidential economic […]<\/p>\n","protected":false},"author":84,"featured_media":24173,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,6,7,8,12,16],"tags":[234,236,233],"class_list":["post-24174","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-files","category-head-lines","category-homepage-english","category-policy","category-twitter","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nGreen hydrogen breakthrough\u2026Govt set to seal mega EU deal - Namibia<\/title>\n<meta name=\"description\" content=\"An impending deal with the European Union to jolt Namibia\u2019s ambitious green hydrogen sector and at the same time reduce ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/green-hydrogen-breakthroughgovt-set-to-seal-mega-eu-deal\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Green hydrogen breakthrough\u2026Govt set to seal mega EU deal\" \/>\n<meta property=\"og:description\" content=\"An impending deal with the European Union to jolt Namibia\u2019s ambitious green hydrogen sector and at the same time reduce ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/green-hydrogen-breakthroughgovt-set-to-seal-mega-eu-deal\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-06T13:17:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-06T13:29:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/07\/postQueueImg_1-62c58e190e4c2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"479\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/green-hydrogen-breakthroughgovt-set-to-seal-mega-eu-deal#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/green-hydrogen-breakthroughgovt-set-to-seal-mega-eu-deal\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Green hydrogen breakthrough\u2026Govt set to seal mega EU deal\",\"datePublished\":\"2022-07-06T13:17:53+00:00\",\"dateModified\":\"2022-07-06T13:29:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/green-hydrogen-breakthroughgovt-set-to-seal-mega-eu-deal\"},\"wordCount\":741,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/green-hydrogen-breakthroughgovt-set-to-seal-mega-eu-deal#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/07\/postQueueImg_1-62c58e190e4c2.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\",\"files\",\"head lines\",\"homepage-english\",\"policy\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/green-hydrogen-breakthroughgovt-set-to-seal-mega-eu-deal#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/green-hydrogen-breakthroughgovt-set-to-seal-mega-eu-deal\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/green-hydrogen-breakthroughgovt-set-to-seal-mega-eu-deal\",\"name\":\"Green hydrogen breakthrough\u2026Govt set to seal mega EU deal - 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