Summary

Green hydrogen plays a crucial role in the global decarbonization effort because of its versatility and unique ability to connect power, gas, chemicals and fuel markets, especially in hard-to-abate sectors. Under a net-zero by 2050 scenario, global demand for hydrogen and its derivatives is expected to soar from an estimated 140 mtpa of hydrogen equivalent in 2030 to 660 mtpa in 2050.

With its world-class renewable energy sources, Namibia is poised to help fi ll the anticipated global hydrogen demand-supply gap and lower the cost of the net-zero transition. Many countries will not be able to meet their demand fully or cost-effectively through domestic production; instead, they will rely on energy partnerships with countries that have more abundant renewable resources to close supply gaps and lower costs.

Its natural endowments put Namibia in the perfect position to contribute to the global transition to net-zero and meet its socio-economic goals in the form of broadly shared prosperity for its people.

Namibia will be able to produce hydrogen and its derivatives at highly competitive costs. It aims to export hydrogen products - ammonia, methanol, synthetic kerosene and hot-briquetted iron- which have relatively lower shipping costs.

Namibia is well placed to serve markets in Europe, China, Japan and South Korea and other part s of the world.

Namibia aspires to create an at-scale green fuels industry with a production target of 10- 12 Mtpa hydrogen equivalent by 2050. To this end, it will develop three hydrogen valleys; in the southern region of Kharas, the central region including Walvis Bay port and the capital Windhoek, and the northern region of Kunene./p>

...