South Africa has problems that go beyond who will fund green hydrogen. As just one example, the country is in a declared "State of Disaster" for the electricity sector, with 12 hour per day blackouts in some areas.
From Bloomberg, March 2:
- Infrastructure head Ramokgopa notes input from Germany, Japan
- Developed world has a ‘moral responsibility’ to invest
Rich nations have an obligation to fund South Africa’s development of green hydrogen as part of a global effort to decarbonize, according to the presidency’s infrastructure chief.
The most industrialized 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 the south eastern port city of Durban.
The comments add to a growing debate about who should bear the bulk of costs to decarbonize, when Africa accounts for less than 3% of the world’s energy-related carbon dioxide emissions....
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