Share this with Africa

PRESIDENT Hage Geingob says the green hydrogen industry would strengthen the country’s renewable energy footprint, which will result in competitive electricity tariffs.

In his New Year’s message delivered on Saturday, he said his official trips to the United States, as well as to the COP26 United Nations Climate Change Conference signified progress in marketing Namibia’s potential for green hydrogen production.

“In 2022 we shall secure the first N$100 million in concession fees from the preferred bidder, bringing immediate relief to the fiscus, and translating the vision of a synthetic fuels industry into immediate foreign direct investment flows,” he said.

The president said Namibia’s green hydrogen strategy would unlock greater investment, and would establish the country as a regional and global decarbonisation champion.

“In 2022 . . . economic recovery and growth, employment creation, and the provision of basics such as housing and sanitation will continue to be key priorities,” he said.

Geingob said although government spending is currently limited, the country still has a stable governance architecture, a strong macroeconomic framework, and excellent infrastructure.

Read the original article on Namibian.