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European leaders participating in the UN climate change summit (COP27) in Egypt underlined the importance of green hydrogen and clean energy in enhancing the economies of countries worldwide.
Speaking at a roundtable on investment in the future of energy, German Chancellor Olaf Scholz emphasized the need to move to green hydrogen to enhance the economies of the countries.
“There must not be a worldwide renaissance of fossil fuels,” Scholz said, adding that “for Germany, I can say: there will not be one.”
Speaking at the same event, European Commission President Ursula von der Leyen called on wealthy countries to invest billions in the infrastructure of African countries and others in order to find alternatives for energy.
Egypt is currently hosting COP27, with more than 100 leaders and heads of states attending the global event to discuss ways to lessen the negative impacts of climate change and adapting to its repercussions.
