The minister of Industry, Energy and Mining, Omar Paganini, called for investments from developed countries to promote the decarbonization process in the country, through the development of green hydrogen and new fuels.
When referring to the advancement of the green economy, Paganini admitted that “Uruguay wants to be in the front row” and valued the incentives to move in that direction, a few days after the unprecedented loan linked to climate goals that the government agreed with the World Bank.
The leader expressed himself this way when exposing in the AHK Economic Forum 2023, organized jointly by the Uruguayan-German Chamber of Commerce and Industrythe Konrad Adenauer Foundation, the Federal Ministry for Economic Affairs and Climate Action of Germany and the Embassy of that country in Uruguay.
In that framework, Paganini He valued as “strategic” the agreement signed this year between both countries focused on cooperation in energy matters. “It is a shared strategic orientation. “We are committed to the development of the green economy, decarbonization and everything that is on the way to achieve it.”
“Uruguay can be a pilot of how to decarbonize an economy,” said Paganini.
The owner of the MIEM assured that “Uruguay wants to be in the front row” on that path and highlighted that for this it has abundant natural resources, while in Europe there is a great need for decarbonization. “We have everything to win. The country can be a pilot of how to decarbonize an economy,” she stated.
When asked how you can support Germany in that process, Paganini He expressed: “The answer is ‘investments’. This is important in terms of green hydrogen and new fuels, but also in other industrial chains, such as photovoltaic panels or electric vehicles, in which Latin America “It has an important role to play.”
Along these lines, he went deeper: “Why don’t we think about a Latin American electromobility chain?” In this regard, he assured that the country can contribute “its software industry, its innovation capacity and its strategic geolocation.”
The development of green hydrogen and incentives
Finally, the leader assured that the production of green hydrogen and new fuels “will be based on a vocation to export to the world, especially to Europe, based on its comparative advantages: its abundant renewable energies and its history as a country.”
And he highlighted that a liter of green fuel costs three times as much as its fossil equivalent. “He green hydrogen It is a global adventure. It is for pioneers, and being for pioneers, incentives must be generated,” she concluded.
Source: Ambito
