The emerging green hydrogen market will create a $1.4 trillion a year market by 2050, with North Africa set to be the sector’s main beneficiary, a report from Deloitte shows. Deloitte’s 2023 global green hydrogen outlook Green hydrogen: Energising the Path to Net Zero said by 2050, the main recipients will include North Africa ($110 billion per year), North America ($63bn), Australia ($39bn), and the Middle East ($20bn). It explores the emergence of a carbon-neutral, inclusive green hydrogen economy in the coming years. “Global trade is key to unlocking the full potential of the green hydrogen market, supported by diversified transport infrastructure. Egypt: Green hydrogen projects in the pipeline for Suez CanalIt further urged governments and companies to look to redirect spending on oil and gas to hydrogen.

Source: The North Africa Journal August 23, 2023 13:40 UTC