Speaking at the 111th anniversary of the African National Congress, President Cyril Ramaphosa outlined the party’s plan for a greener economy.
Speaking at the ruling party’s executive committee on its 8 January celebrations, ANC president Cyril Ramaphosa said that South Africa would develop the productive capacity to participate in the global green energy value chains, including green hydrogen and electric vehicles.
The process of creating hydrogen fuel through solar or wind-powered electrolysis, known as green hydrogen, has become a hot topic in South Africa in light of the fact that it could draw in a billion rand industry while decarbonising the economy. The South African government has already set aside R300 billion for funding green hydrogen projects through Infrastructure South Africa . However, the country’s Minister of Public Works and Infrastructure, Patricia de Lille, has stated that additional funding will be needed.estimates that the cost of producing green hydrogen in South Africa will be around $4 per kilogram by 2030, which is $2 more than traditional hydrogen production methods.
He added that there are other new opportunities in the green economy in areas such as developing rare earth and platinum group minerals for green manufacturing., as part of international climate funding, the government has already made plans to spend billions of dollars creating an electric vehicle industry in the country.
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