Make legislation attractive for hydrogen revenue – Mnyupe
Namibia should be looking globally to see what other countries are doing regarding legislation around hydrogen, the hydrogen commissioner said.
OGONE TLHAGE
WINDHOEK
Hydrogen commissioner James Mnyupe says government will have to come up with legislation that will make investing in the hydrogen sector attractive.
He made the comments at a recent post-budget discussion. Namibia is seeing renewed interest from investors keen to make an investment in the sector.
“As we start bringing this new opportunity into Namibia, one of the things we have to do is put in place a competitive legislative tax regime to really make our green hydrogen competitive,” he said.
According to him, Namibia should be looking globally to see what other countries are doing regarding legislation around hydrogen.
“Whatever legislative environment we are putting in place is super competitive because this particular industry, if you look at what the United States is doing to make their relative expensive hydrogen cheap using post-tax credits, it’s very clear to us that we will have to do global research to make sure our legislative environment is conducive,” he said.
Building blocks
He added that there has been a lot of interest globally to work with Namibia.
“What we are trying to do in Namibia is not something we want to do; countries around the world would like to partner with us as we look to build our economy and decarbonise our economy and the regional economy,” Mnyupe said.
Work was also being done now to put the building blocks in place to benefit from hydrogen, he said.
“With the big hydrogen project in the south, the colleagues are looking to mobilise key resources by early 2024, but in terms of mapping the resources needed in 2024, that exercise is already happening.”
WINDHOEK
Hydrogen commissioner James Mnyupe says government will have to come up with legislation that will make investing in the hydrogen sector attractive.
He made the comments at a recent post-budget discussion. Namibia is seeing renewed interest from investors keen to make an investment in the sector.
“As we start bringing this new opportunity into Namibia, one of the things we have to do is put in place a competitive legislative tax regime to really make our green hydrogen competitive,” he said.
According to him, Namibia should be looking globally to see what other countries are doing regarding legislation around hydrogen.
“Whatever legislative environment we are putting in place is super competitive because this particular industry, if you look at what the United States is doing to make their relative expensive hydrogen cheap using post-tax credits, it’s very clear to us that we will have to do global research to make sure our legislative environment is conducive,” he said.
Building blocks
He added that there has been a lot of interest globally to work with Namibia.
“What we are trying to do in Namibia is not something we want to do; countries around the world would like to partner with us as we look to build our economy and decarbonise our economy and the regional economy,” Mnyupe said.
Work was also being done now to put the building blocks in place to benefit from hydrogen, he said.
“With the big hydrogen project in the south, the colleagues are looking to mobilise key resources by early 2024, but in terms of mapping the resources needed in 2024, that exercise is already happening.”
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