Close Menu
  • News
  • World
    • Africa
    • Europe
    • Asia
    • America
    • Middle East
  • Politics
  • Opinion
  • Sport
  • Business
  • Lifestyle

Subscribe For All The Latest Updates

Get the latest news from Newsnote about Politics ,Sports and business.

Recent Stories

Malatsi dismisses criticism of ICT BEE Policy as politically motivated

12 hours ago

President Cyril Ramaphosa calls for unity and reconciliation

13 hours ago

SA Rugby mourns passing of former Springbok women’s captain Lusanda Dumke

14 hours ago
Facebook X (Twitter) Instagram
X (Twitter) Instagram Steam
newsnotenewsnote
☎ 080 000 1188 (Toll Free)  
Subscribe
  • News
  • World
    • Africa
    • Europe
    • Asia
    • America
    • Middle East
  • Politics
  • Opinion
  • Sport
  • Business
  • Lifestyle
newsnotenewsnote
Home » Rich nations should fund green hydrogen according to government
Business

Rich nations should fund green hydrogen according to government

newsnote correspondentBy newsnote correspondent3 March 2023Updated:3 March 2023No Comments7 Views
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Blending public and private capital can make hydrogen projects bankable and commercially viable in South Africa. Source: Superestrella, Shutterstock
Share
Facebook Twitter LinkedIn Pinterest Email

Rich nations have an obligation to fund South Africa’s development of green hydrogen as part of a global effort to decarbonise, according to the Presidency’s infrastructure chief.

The most industrialised nation on the continent that depends on coal to generate 80% of its electricity has plans to attract as much as $250-billion into green hydrogen, an emerging technology used to split water using renewable energy.

“The developed world has a moral and ethical responsibility to help fund the adoption of green hydrogen,” Kgosientsho Ramokgopa, head of the Presidency’s infrastructure office, said on Thursday at a conference in Durban.

The comments add to a growing debate about who should bear the bulk of costs to decarbonise, when Africa accounts for less than 3% of the world’s energy-related carbon dioxide emissions.

Up to R300-million has been budgeted by the government for research into the hydrogen industry, with input from Germany and Japan, according to Ramokgopa.

South Africa’s priority is to commercialise the export of green hydrogen by using increasingly cleaner feedstock to produce it, he said. The region’s platinum deposits also leave it well placed to benefit from the use of the metal in fuel cells. Bloomberg

Author

  • newsnote correspondent

    View all posts
Eskom Green Energy Loadshedding Renewable energy
Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
newsnote correspondent

Related Posts

Malatsi dismisses criticism of ICT BEE Policy as politically motivated

12 hours ago

ANC pleads for funding from business sector

1 day ago

SA delegation to assess progress of the Lesotho Highlands Water Project

4 days ago
Leave A Reply Cancel Reply

Demo
Top Posts

G20 Summit security measures trigger major Gauteng traffic disruptions as City denies vendor evictions

2 months ago5,928

G20 Summit Day 2: Major road closures and heavy traffic expected across Johannesburg

3 weeks ago1,243

Minister’s chief of staff Cedric Nkabinde to testify

1 month ago1,210

Brown Mogotsi’s alleged shooting raises eyebrows in Vosloorus

1 month ago1,202
Don't Miss
Business

Malatsi dismisses criticism of ICT BEE Policy as politically motivated

By newsnote correspondent12 hours ago8

Communications and Digital Technologies Minister Solly Malatsi has rejected criticism of his newly issued policy…

President Cyril Ramaphosa calls for unity and reconciliation

13 hours ago

SA Rugby mourns passing of former Springbok women’s captain Lusanda Dumke

14 hours ago

UPDATE: Murder of DJ and media personality Warrick Stock

16 hours ago
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
  • Soundcloud
  • WhatsApp

Subscribe to Updates

Get the latest news from Newsnote

Demo
South African Press Council
© 2025 Newsnote
  • News
  • World
    • Africa
    • Europe
    • Asia
    • America
    • Middle East
  • Politics
  • Opinion
  • Sport
  • Business
  • Lifestyle

Type above and press Enter to search. Press Esc to cancel.