Joint Statement on the EU-Egypt Renewable Hydrogen Partnership
November 10, 2022
Mrs Ursula von der Leyen, President of the European Commission and President Abdel-Fattah El-Sisi, President of the Arab Republic of Egypt, issued the following statement on the margin of their participation in the round table “Investing in the Future of Energy: Green Hydrogen” which was held on November 8, 2022 as one of the events of Sharm El-Sheikh Summit to implement climate pledges:
“The European Union and Egypt reaffirm their determination to combat climate change and environmental degradation, while fostering sustainable development, energy security and a balanced and just green transition.
In particular, the EU and Egypt reiterate their commitment to meeting the goals of the Paris Agreement and keeping a 1.5 degrees Celsius limit on temperature rise within reach, including through a rapid energy transition based on the expansion of renewable energy and improvements in energy efficiency.
We jointly view renewable hydrogen as a key contributor to reducing emissions and ensuring energy security, while representing an opportunity for industrial cooperation, sustainable economic growth and job creation.
We are engaging in establishing a long-term partnership on renewable hydrogen that will enable us to accelerate the decarbonisation of our energy systems through the development, deployment, use and undistorted trade of renewable hydrogen and its derivatives. [..]”