Financing and investment
Our Mission in this field
We are dedicated to mobilizing funding for hydrogen projects in developing countries.
Despite the decarbonisation potential of clean hydrogen and the pivotal role that it can play in industrial and socio-economic growth, particularly in developing countries endowed with abundant renewable energy potential, funding committed to hydrogen projects in developing countries remains low. Developing countries require support to realize green hydrogen opportunities, and financial support is key. The funding committed to hydrogen projects in developing countries remains low due to persisting barriers and uncertainties in regulatory, economic, and financing aspects.
As a specialized agency of the United Nations, UNIDO does not have funds at its disposal to allocate to hydrogen projects. Still, it can work with its Member States to develop hydrogen project proposals and jointly help to raise funding for them. UNIDO also assists countries in creating enabling framework conditions to mobilize investments and funding for hydrogen projects. This includes UNIDO's work under the policy and skills focus areas.
Recognizing the need to understand ongoing initiatives where public and private resources are allocated along the clean hydrogen value chain in developing countries, UNIDO, in cooperation with the Breakthrough Agenda, the World Bank and IRENA, has committed to conducting regular mapping exercises of financial initiatives available for clean hydrogen projects in developing countries. At the international level, such a survey helps to support DFIs and active players in financing by identifying missing financing gaps. It also helps UNIDO gauge what financial assistance is available from development finance institutions, development agencies, and donors to developing countries and how best to raise funding for potential hydrogen projects.
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