North africa energy storage project

Should North Africa Invest in green hydrogen?

With high renewables potential that can be tapped at low costs, and geographical proximity to Europe where demand for renewables-based or green hydrogen is rising, many North African countries have entered into agreements with other countries and private companies to explore pilot projects for green hydrogen production and exportation.

Where does North Africa Invest in renewables?

So far, most of the investments are concentrated in Morocco and Egypt. Contrary to the global trend in the period of 2013-2020 which shows private sector financing as the primary source of funding for renewables development, North Africa sees public finance play a far more important role.

Can North Africa's Oil and gas sector adapt?

There are also opportunities for North Africa’s important oil and gas sector to adapt and contribute to accelerating the region’s clean energy transitions.

Should Europe and North Africa focus on supplying natural gas?

Instead of focusing relationships on supplying natural gas capacity to meet short-term demand spikes, Europe and North Africa should strive to develop the region’s green energy potential as a driver of domestic development and a powerful export commodity for European buyers in search of low-carbon energy imports.

How can North Africa transform resource endowments into sustainable economic growth?

North Africa can translate resource endowments into sustainable economic growth by diversifying their economies and by reducing its emissions intensity. Energy transitions are being internalised even in countries in which oil and gas resources have long been the cornerstone of the economy, like Algeria and Libya.

Could green hydrogen help North Africa export ammonia and fertilizers?

Already, North Africa is a powerful exporting bloc of ammonia and fertilizers, and using green hydrogen to transition away from the capital- and emissions-intensive Haber-Bosch process which uses methane or coal as feedstocks for ammonia production—towards green ammonia could support the region’s export potential and energy storage capacity.