Rédaction Africa Links 24 with MENA
Published on 2024-02-01 10:30:17
President Abdel Fattah al-Sisi took a significant step on Tuesday, January 30, 2024, by signing Law No.2 for the Year 2024, which provides incentives for projects that produce green hydrogen through the electrolysis of desalinated water using renewable energy sources.
This new law marks a pivotal moment in Egypt’s commitment to sustainable and eco-friendly industrial practices. By offering incentives for projects that produce green hydrogen, the government aims to promote the use of renewable energy and reduce the country’s carbon footprint.
Green hydrogen is produced through a process called electrolysis, where electricity generated from renewable sources such as solar or wind power is used to split water into hydrogen and oxygen. This clean and environmentally friendly method of hydrogen production has gained traction as a promising alternative to traditional fossil fuel-based methods.
One of the key components of President al-Sisi’s vision for Egypt is the development of a strong and sustainable green energy sector. By signing Law No.2 for the Year 2024, the government is signaling its commitment to fostering innovation and investment in clean energy technologies.
The incentives outlined in the new law are designed to attract investment in projects that produce green hydrogen through the electrolysis of desalinated water. This approach not only promotes the use of renewable energy but also addresses water scarcity issues in Egypt by utilizing desalinated water for the hydrogen production process.
In addition to the economic benefits of attracting investment, the production of green hydrogen has the potential to create new job opportunities and contribute to the growth of the green energy sector in Egypt. This aligns with the government’s broader efforts to stimulate economic development and job creation while also prioritizing sustainable and environmentally conscious practices.
The signing of Law No.2 for the Year 2024 has been met with positive reception from various stakeholders, including industry experts, environmental advocates, and the general public. It is seen as a significant step towards achieving Egypt’s renewable energy goals and reducing its reliance on fossil fuels.
President al-Sisi’s administration has also emphasized the importance of innovation and collaboration in driving the country’s green energy agenda forward. By creating a favorable regulatory environment and providing incentives for green hydrogen projects, the government is paving the way for increased investment and technological advancements in the renewable energy sector.
The tags associated with this development, including “Abdel Fattah al-Sisi,” “Egyptian president,” and “green hydrogen,” underscore the significance of this legislative action and its direct impact on Egypt’s energy landscape. This development aligns with the broader global efforts to transition towards cleaner and more sustainable energy sources, and it positions Egypt as a proactive participant in this global movement.
In conclusion, President Abdel Fattah al-Sisi’s signing of Law No.2 for the Year 2024 represents a pivotal moment in Egypt’s journey towards sustainable and environmentally conscious energy practices. By providing incentives for projects that produce green hydrogen through the electrolysis of desalinated water using renewable energy, the government is taking proactive steps to promote innovation, investment, and job creation in the green energy sector. This legislative action underscores Egypt’s commitment to embracing clean energy technologies and reducing its carbon footprint, ultimately contributing to a more sustainable and greener future for the country.
Read Original article on Egypt Independent
