Cabinet Approves PM’s Draft Decision to Establish the National Council for Green Hydrogen and its Derivatives

Cabinet Approves PM’s Draft Decision to Establish the National Council for Green Hydrogen and its Derivatives

During its meeting, chaired by Prime Minister Mostafa Madbouly, the Cabinet approved the Prime Minister’s draft decision regarding the establishment of the National Council for Green Hydrogen and its Derivatives.

The Prime Minister’s draft decision stipulates that a council called the “National Council for Green Hydrogen and its Derivatives” be established. It will be chaired by the Prime Minister, and the membership of the following Ministers: Electricity and Renewable Energy; Petroleum and Mineral Resources; Justice; Planning and Economic Development; Environment; Housing, Utilities and Urban Communities; Transportation; Trade and Industry; Irrigation; and Military Production.

Additionally, the members will include Chairman of the Suez Canal Authority, the Chairman of the General Authority for the Suez Canal Economic Zone; the First Assistant to the Prime Minister; the CEO of the General Authority for Investment and Free Zones; and the Executive Director of Egypt’s Sovereign Fund for Investment and Development.

The Council may invite to its meetings whomever it deems appropriate, including ministers, governors, and heads of bodies and agencies, to assist it in performing its duties.

The National Council for Green Hydrogen and its Derivatives aims to unify the state’s efforts to stimulate investment in the field of green hydrogen and its derivatives, in line with the requirements of sustainable development and the state’s plans for economic and social development, and to ensure its competitiveness at the international and regional levels.

The Council undertakes a number of specializations and tasks, including following up the implementation of the national strategy for green hydrogen, proposing its updating in light of international and national developments, as well as approving policies, plans and mechanisms necessary to implement and update the strategy, and coordinating between ministries and concerned authorities.

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Sarah Samir 3502 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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