Bolivia, Plurinational State of
Launches a new strategy for the development of green hydrogen
08 Nov 2024
On 8 November 2024, the Government of Bolivia presented and launch its new strategy for the development of green hydrogen.
The strategy will encompass multiple measures to encourage private investment, including:
-Financial incentives and facilitation measures for renewable energy investments to power electrolysis.
-Financial incentives, administrative facilitation, and tax exemptions to support the creation and establishment of new businesses within the green hydrogen (H₂V) sector.
-Promoting public-private partnerships (PPPs) as an alternative for the development and financing of H₂V projects and their derivatives.
-Establishing purchase agreements to secure the acquisition of H₂V and its derivatives, providing investment certainty for the private sector.
-Identifying opportunities to consolidate demand from multiple sources, increasing the feasibility of viable projects from a private sector perspective.
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Type:
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Promotion and facilitation (Investment facilitation , Investment incentives)
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Industry:
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Manufacturing (Manufacture of chemicals and chemical products)
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Sources:
