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Bank of Namibia

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Find out more about Global African Green Hydrogen Summit.

Global African Green Hydrogen Summit
04 September 2024 | Media Release
 

BANK OF NAMIBIA HIGHLIGHTS URGENCY OF CLIMATE ACTION AND ECONOMIC TRANSITION AT GLOBAL AFRICAN GREEN HYDROGEN SUMMIT

The Governor of the Bank of Namibia, Mr. Johannes !Gawaxab, delivered an address at the Global African Green Hydrogen Summit, highlighting the urgent need for central banks to play an active role in combating climate change and supporting the transition to a sustainable, low-carbon economy. In his speech, the Governor underscored Namibia’s bold ambitions to become a leader in green hydrogen production, positioning the country at the forefront of the global energy transition.

Governor !Gawaxab opened his speech by acknowledging the severity of the climate crisis, which has shifted from a future concern to a present reality. He emphasised that central banks, traditionally focused on maintaining price stability and safeguarding financial systems, now face the critical responsibility of addressing the economic and financial risks posed by climate change.

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