Namibia also stands to benefit from its oil and gas industries.
Namibia’s hydrogen industry has the potential to provide a substantial boost to the economy over the next seven years, its central bank governor said. “By 2030, it could contribute $4.1 billion to gross domestic product, which is 32% more than 2030 GDP estimates without a hydrogen industry,” Johannes !Gawaxab told attendees at a Bloomberg ‘Namibia in Focus’ event on Tuesday.
Namibia is aspiring to “produce hydrogen and its derivatives at highly competitive costs and create an at-scale green fuels industry that will serve markets in Europe, China, Japan, South Korea, and other parts of the world,” !Gawaxab said.
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