ACW-2023: Developing green corridors opportunities in Africa to achieve the 2030 shipping (FRE)

Aberdares Hall Developing green corridors opportunities in Africa to achieve the 2030 shipping breakthrough and zero by 2050 - Aligning Green Shipping and Green Hydrogen Markets to accelerate decarbonization Shipping and hydrogen’s destinies are interconnected and together present sustainable economic development opportunities. Developing countries, including in Africa, could produce almost 4,000EJ per year of green hydrogen against projected annual shipping demand of 20-40 EJ and at prices more competitive than regions like Europe. African countries are well-placed to lead the global transition. Green hydrogen-based fuels, catalyzed by demand from the shipping sector, could develop new export industries, create thousands of skilled jobs, and accelerate the deployment of renewable energy region-wide. Moreover, market-based incentives to reduce emissions, like carbon levies on ships, could generate additional funding for decarbonization. This event will focus on shipping’s green transition, the role that Africa’s Green Hydrogen capacity can play, and how both can contribute to national opportunities and action plans.