Operational since 2022, the Green Hydrogen Fund is a trust fund that provides strategic advice and capacity building to developing countries to help them prepare for decarbonising the industry sector through green hydrogen. Donor contributions therefore support climate change mitigation and the achievement of the Sustainable Development Goals.
Transforming the global energy system and industrial sectors is essential in the fight against climate change. Renewable energy has a great role to play in climate action, but it alone cannot meet the challenge posed by the need to decarbonise sectors such as the cement and chemical industries as well as air and sea transport. Green hydrogen has great potential to address this shortfall. With the support of the Green Hydrogen Fund, developing countries receive the technical assistance needed to integrate green hydrogen into their national decarbonisation strategies and to identify sustainable development pathways.