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Another opportunity for Chile: they predict the need to increase green hydrogen production by 100 times



At the new edition of Chile Day in London, Finance Minister Mario Marcel highlighted the opportunities our country offers for the production of green hydrogen. And at the same time, the analysis reveals that in order to meet international goals to curb global warming, this production will need to increase more than 100 times between 2022 and 2030. I did.

This week in London, the Chancellor of the Exchequer said: mario marcel led a new version of Chile Day aimed at attracting foreign capital and “promoting Chile’s financial market as an investment destination in an international context.”

In this connection, he mentioned the opportunities offered by our country in terms of green hydrogen.

“Green hydrogen is an emerging industry that is developing. (…) It is itself an industry that will reduce emissions not only in Chile but also in other parts of the world,” Marcel stressed in London.

And in parallel, a report from the International Energy Agency (IEA) emphasized that: To meet international goals to limit global warming, hydrogen production from renewable or low-carbon sources (nuclear) needs to increase by more than 100 times between 2022 and 2030.

Production of renewable, low-carbon hydrogen was 700,000 tonnes last year, and should rise from 70 million tonnes to 125 million tonnes by 2030, according to the IEA, cited in the EFE Agency’s report. .

Furthermore, the emissions intensity of hydrogen production (kilograms of carbon dioxide per ton of H2) must be reduced by around 50% by the beginning of the next decade.

it should be translated as With over 90% of production currently made from fossil fuels, there is a clear preference for renewable or low-carbon hydrogen to reduce CO2 emissions by 10% globally. said the EFE report.

The study’s authors claim that “some progress” has been made in the past year in standards convergence, emissions and safety certification, as well as technical assistance to developing countries. . Large-scale hydrogen expansion is on hold.

In particular, we need to strengthen the collective signal of demand for renewable, low-carbon hydrogen from both public and private buyers. Moving from commitments to contracts and policies.

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On June 14, the President Gabriel Boric And European Commission President Ursula von der Leyen announced that the country would receive approximately 225 million euros (US$243 million) in European funds to foster the development of a green hydrogen industry. . Responding to European demand Importing this renewable energy.

And that world bank The company also bet on Chile. In June, it announced a $150 million loan to promote the green hydrogen industry. Recognizing the country as a “leader” in clean energy generation. The organization sees it as a “model to follow” for other developing Latin American economies.

“Chile is truly a pioneer in the region,” Stephanie Gil, the World Bank’s energy sector participation director for Latin America and the Caribbean, said in an interview.

“Chile has excellent characteristics for developing a competitive green hydrogen industry.” Carlos Felipe Jaramillo, World Bank Vice President for Latin America and the Caribbean, said:

“The country has the potential to become an important global player in this industry, and the model of this project could be replicated or applied in other countries,” the official added.

Source: Biobiochile

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