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    Panama outlines strategy to be a global green hydrogen route


    January 19, 2022 - CE Noticias Financieras

     

      Faced with the commitment to decarbonization and energy transition, the National Energy Secretariat of Panama launched on Tuesday, January 18, the roadmap for green hydrogen as the fuel of the future, which will allow the country to be the global route par excellence for the region.

      During the launching, the National Secretary of Energy, Jorge Rivera Staff said that "hydrogen constitutes a commercial opportunity for the country and the region, in a market with expectations of development of new technologies".

      And that, "it will also allow decarbonizing other sectors of the economy, such as industry, agriculture, land and air transportation, supporting the fulfillment of the objectives of the Panamanian State to reduce greenhouse gas emissions", he added.

      At the same time, he emphasized Panama's role as a leading city in Central America in the energy transition process, in line with the Energy Transition Agenda Strategy that supports the use of renewable energy sources.

      The Secretariat informed that the work to guide the country as a Transformational Hub of Green Hydrogen has the support of the Inter-American Development Bank (IDB).

      Thus, the launching counted with the participation of Arturo Alarcon, Senior Energy Specialist of the IDB, who pointed out that a detailed Strategy will be delivered, with specific actions that will allow Panama to insert itself in this market.

      In that sense, Alarcón assured that Panama not only wants to take advantage of its high potential to produce renewable energy, and hydrogen-based energy, but that "it is positively positioned for this development".

      Alarcon added that "Panama has a strategic position; not only does it have a variety of renewable resources, but it has the Panama Canal and extensive experience in logistics operation, and key experience in international trade ... Panama will be a key player in the hydrogen market in the future".

      Rivera Staff, meanwhile, explained that for this roadmap has worked on previous studies and analysis, and that the proposal was structured in objectives that reach: creation of a regulatory framework, promote dialogue with industry players, and with countries in the region, create the necessary infrastructure, rely on research and innovation, establish partnerships with global market players, and initiate the development of pilot projects in the country, citing as an example, the City of Knowledge.

      He said that, from the local level, a committee will be formed by national authorities, NGOs, and the business sector, to work in alliance, "because this great project will generate quality green jobs.

      Rivera Staff explained the perspective of the Energy Secretariat and the Inter-American Development Bank, on potential demand, emissions, exports, impact on the energy matrix, where viable uses in the different economic sectors were evaluated.

      During the launching of the roadmap, the Secretary of Energy emphasized Panama's role as a leading city in the energy transition process and guaranteed that the roadmap promises to be the result of a collaborative work of multiple public and private actors.

      The meeting also highlighted the opportunities of hydrogen and its role in the sustainable reactivation of the country, as well as the importance of policy guidelines that leverage the implementation of this new market.

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