As in every industrial revolution previously, the new hydrogen economy needs financial support. African governments and companies participating in the Green African Hydrogen Deal need access to functional, liquid capital markets to raise funding for green hydrogen projects, such as the proposed trans-African hydrogen fuel cell truck and bus routes.
Green bonds are an attractive financing tool for large scale African Hydrogen Partnership (AHP) programmes. They provide a low-cost, long-term source of capital. The transport sector has enormous potential for issuing green bonds: the AHP aims to provide its members with support to develop efficient, standardized processes for issuing Green African Hydrogen Bonds.
Read more about the Green African Hydrogen Bonds concept and financing the Green African Hydrogen Deal here.
Siggi Huegemann and Vincent Oldenbroek