{"id":93517,"date":"2023-12-06T21:36:02","date_gmt":"2023-12-06T19:36:02","guid":{"rendered":"https:\/\/www.csregypt.com\/?p=93517"},"modified":"2023-12-06T21:37:03","modified_gmt":"2023-12-06T19:37:03","slug":"molla-low-carbon-hydrogen-economy-expected-to-contribute-18bn-to-gdp","status":"publish","type":"post","link":"https:\/\/csregypt.com\/en\/molla-low-carbon-hydrogen-economy-expected-to-contribute-18bn-to-gdp\/","title":{"rendered":"Molla: Low-carbon hydrogen economy expected to contribute $ 18bn to GDP"},"content":{"rendered":"<p dir=\"ltr\">Egyptian Petroleum Minister Tarek Molla said low-carbon hydrogen economy in Egypt is expected to contribute up to dlrs 18 billion of the GDP and generate about 100,000 jobs by 2040.<\/p>\n<p dir=\"ltr\">Egypt aspires to claim 8 percent of the global hydrogen market by 2040, Molla said.<\/p>\n<p dir=\"ltr\">Molla noted that Egypt is scheduled to sign an agreement with the<a href=\"https:\/\/www.ustda.gov\/\"> United States Trade and Development Agency (USTDA)<\/a> on laying down a blow-by-blow road map on cutting methane emissions of the petroleum and gas sector in Egypt via the offered technical support.<\/p>\n<p dir=\"ltr\">The agreement will be inked with the framework of the 28th United Nations Climate Change Conference (COP28).<\/p>\n<p dir=\"ltr\">He noted that Egypt endorsed projects of<a href=\"https:\/\/www.csregypt.com\/en\/mohieldin-africa-must-invest-in-human-capital-to-increase-green-hydrogen-production\/\"> green hydrogen<\/a> and its derivatives in collaboration with the Norwegian company Scatec to promote Egypt&#8217;s drive to become a green hydrogen regional center.<\/p>\n<p dir=\"ltr\">He referred to Egypt&#8217;s endorsement of the hydrogen strategy and establishment of the National Council for Green Hydrogen.<\/p>\n<p dir=\"ltr\">Moreover, Molla said Egypt is planning to develop bylaws concerning methane gas emissions in the petroleum and natural gas sector by the end of 2024.<\/p>\n<p dir=\"ltr\">He underlined the importance of obtaining soft financing within the framework of a recently declared program for financing efforts and projects to slash methane gas emissions.<\/p>\n<p dir=\"ltr\">Molla expounded that curbing methane emissions is one of the fastest ways to confront global warming, noting that Egypt plans to access the World Bank&#8217;s Zero Routine Flaring by 2030, ZRF, Initiative.<\/p>\n<p dir=\"ltr\">\n","protected":false},"excerpt":{"rendered":"<p>Egyptian Petroleum Minister Tarek Molla said low-carbon hydrogen economy in Egypt is expected to contribute up to dlrs 18 billion of the GDP and generate about 100,000 jobs by 2040. Egypt aspires to claim 8 percent of the global hydrogen market by 2040, Molla said. Molla noted that Egypt is scheduled to sign an agreement [&hellip;]<\/p>\n","protected":false},"author":410,"featured_media":93518,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[984,13332],"tags":[6463,14033],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Molla: Low-carbon hydrogen economy expected to contribute $ 18bn to GDP - Csr Egypt<\/title>\n<meta name=\"description\" content=\"Egyptian Petroleum Minister Tarek Molla said low-carbon hydrogen economy in Egypt is expected to contribute up to dlrs 18 billion of the GDP .\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/csregypt.com\/en\/molla-low-carbon-hydrogen-economy-expected-to-contribute-18bn-to-gdp\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Molla: Low-carbon hydrogen economy expected to contribute $ 18bn to GDP - 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