Panel Discussion

Moderator:

Mr Solomon Hei, Chairperson of Namibia Statistics Agency

Panelists:

1. Mr. Pablo Tello - Technical Advisor on Green Hydrogen GIZ Chile

2. Mr Ebson Uanguta – BoN Dpty. Governer

3 Mr Robin Sherbourne - International Economist

4 Mr Marco Raffinetti - Chief Executive Officer: Hyphen

"WearenotaddressinghowNamibiacanreduceitscarbonfootprintsinceour currentcontributionisbelow1%".

The panelists notedthat:

Pricing as a big determining factor is misunderstood as fossil fuels need to be replaced. However, USD 0.6/0.7 is the price level needed to replace local usage. Market pricing for Green Hydrogen is still emerging. Natural gas prices are now higher, so hydrogen prices can have a positive economic impact if Green Hydrogen takes off and so for the desired results do not underestimate going slow and getting it right!

Today, it is less costly to make green ammonia than it is to produce grey ammonia

Projects developed on a 30-year concession are viable from day one. However there is no clear pricing around it yet. Green hydrogen blending helps create a price floor (cost of capital high but operations cost is very low).

Namibia is making available the land and legislation but it would be good to have GRN equity in the Green Hydrogen industry. Within the first year it would mean that 15 000 people would be employed and an additional 1500 people per development phase.