News

Development cooperation cannot eliminate the causes of displacement and irregular migration overnight. In the long term, however, it is an important and effective instrument for permanently improving the living conditions of people in their home countries and thus creating prospects for them to stay.

Global energy consumption is set to grow by 50 per cent by 2050; in developing countries and emerging economies it will increase by as much as 70 per cent. This means that green hydrogen is absolutely essential to a successful energy transition and to achieving international climate goals. It can be used, among other things, to produce climate-neutral fuels. They are called Power-to-X products (PtX). Green hydrogen can also be used to store energy. That makes green hydrogen a key commodity in a successful energy transition.

The countries of Africa have set themselves a highly ambitious agenda for the socio-economic transformation they need to accomplish. In order to help Africa realise this development agenda, we need an entirely new kind of collaboration, a political partnership between equals which offers support for Africa's own agenda. Africa needs African solutions. Therefore, the Federal Ministry for Economic Cooperation and Development (BMZ) has taken a new direction in its cooperation with Africa.

Federal Minister for Economic Cooperation and Development