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ARTICLE · 28 NOVEMBER 2022

COP27 Hydrogen Wrap-Up: A Focus On Africa And Europe

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Momentum in the global hydrogen market continued to pick up at the recently completed COP27 climate summit in Egypt.

GlobalEnergy and Natural Resources
Lucas (Luke) Morrison
Lucas (Luke) Morrison
Megan J. Ollivier
Megan J. Ollivier
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Momentum in the global hydrogen market continued to pick up at the recently completed COP27 climate summit in Egypt. Deals and partnerships were announced throughout the conference by governments and private companies—particularly between Europe and Africa.

This is good news for the hydrogen industry as it scales up. It is also something that Canadian companies, investors and policy makers should be following, particularly in relation to the hydrogen economy in Alberta which has the potential to play a key role globally. Hydrogen can be produced anywhere in the world and international competition in the export market will be fierce.

Africa and Europe: COP27 Announcements

The EU signed Memorandums of Understanding (MoU) with both Egypt and Namibia during the summit. The MoU with Egypt will support the EU's ambition of reaching 20 million tonnes of renewable hydrogen consumption in 2030. The EU-Namibia partnership aims to develop a secure and sustainable supply

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