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World Bank approves $150 million loan to promote green hydrogen in Chile : Biofuels Digest

World Bank approves $150 million loan to promote green hydrogen in Chile : Biofuels Digest
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World Bank approves $150 million loan to boost green hydrogen investment in Chile

In a significant move towards promoting sustainable energy solutions, the World Bank Board of Directors has approved a loan of $150 million to support green hydrogen projects in Chile. This loan marks the World Bank s first endeavor in promoting green hydrogen and aligns with Chile s commitment to achieving carbon neutrality by 2050. The investment aims to accelerate the country s green growth, energy transition, and foster a resilient and inclusive economic development. ....

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Chile announces US$1B fund for green hydrogen industry development

The Chilean government has unveiled a US$1 billion fund to foster the green hydrogen industry, aiming to secure US$12.5 billion in investments throughout various stages of this emerging sector, according to a joint statement by the country's Ministry of Energy, Ministry of Finance, and Ministry of Economy. ....

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