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

South Africa shines at world athletics relays with three podium finishes

15 hours ago

Africa Tourism Indaba proves to be a financial boon for KwaZulu-Natal

20 hours ago

Pope Leo XIV calls for peace in his first address, urging global action to end conflict

20 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 Comments4 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

Transnet announces preferred bidders for R17 billion fuel terminals in Richards Bay

4 days ago

South Africa’s growth forecast cut amidst political turmoil and global trade tensions

6 days ago

South African Airways restores services after cyber incident

6 days ago
Leave A Reply Cancel Reply

Demo
Top Posts

Atteridgeville man lured to initiation found dead after a two-week search

5 July 20231,109

SA made Rheinmetall arms under spotlight due to supply to Ukraine, Israel

4 months ago948

Five people die in a Mahikeng, North West road carnage

7 August 2023931

SA’s relocation of Taiwan’s office out of the capitol in line with international law

2 months ago888
Don't Miss
Sport

South Africa shines at world athletics relays with three podium finishes

By newsnote correspondent15 hours ago3

It was a day of triumph for Team South Africa at the World Athletics Relays…

Africa Tourism Indaba proves to be a financial boon for KwaZulu-Natal

20 hours ago

Pope Leo XIV calls for peace in his first address, urging global action to end conflict

20 hours ago

Fraud suspect arrested for impersonating Hawks’ national head

2 days 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.