Energy Industry News

Green hydrogen economy could contribute 3.6% to GDP by 2050

  • 📰 ewnupdates
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 53%

Canada Canada Headlines News

Canada Canada Latest News,Canada Canada Headlines

President Cyril Ramaphosa was addressing the South African Green Hydrogen Summit in Cape Town this week, where international investors and energy players have gathered.

CAPE TOWN - President Cyril Ramaphosa said the green hydrogen economy has a key role in providing clean energy and could contribute 3.6% to the GDP by 2050.

Ramaphosa was addressing the South African Green Hydrogen Summit 2023 in Cape Town on Monday, where international investors and energy players gathered.Ramaphosa said green hydrogen has the potential to propel the country’s economy and also help the environment by producing clean energy. "It has been estimated that the hydrogen economy has the potential to add 3.6% to our GDP by 2050 and approximately create 370, 000 jobs. Now being South Africa where jobs are scarce and unemployment is significantly high, this will be no mean feat."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 30. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SA’s burgeoning hydrogen sector touted as potential creator of 30,000 jobsIn a country grappling with unemployment, green energy may help to turn the tide.
Source: dailymaverick - 🏆 3. / 84 Read more »