If you get the time do read up on it, aside from checking that everything is indeed kosher, ask why you haven’t heard of it before. Why, in the list of data points you are exposed to, one that does not fit the colonial exploitation narrative seems to be missing.
Anyhow short rundown: Germany needs green hydrogen for its industry (at least until fusion, it’s dependent on energy inputs), Namibia has lots of wind and sun, world’s best location in fact, and Germany the tech to turn that into electricity, then into hydrogen, then into ammonia for transport. Germany is going to finance the initial stage of the project which includes enough generation capacity for Namibia’s electricity demands as well as to start exporting. IIRC it also includes fixing up the Namibian electricity grid. Namibia is planning on using its revenue share to further expand things and become an exporter of both green energy and refined metals, because when you have lots of hydrogen and also lots of iron ore it does make sense to export steel instead of ore, if not finished metal products. Value added yadayada you know your Marx.
And Namibia really can use the extra money. There’s plenty of stuff to invest in, from making sure San are not malnourished over not re-introducing school tuition to speeding up land reform. With easy access to capital and material, I’m sure Namibia will become a manufacturing powerhouse, at least compared to its population size. Sensible people look for win-win situations, and this is one of them. SWAPO even calls it Socialism with Namibian characteristics.
(Side note: Australians so far do not seem to have understood that it makes sense to keep the value-add in country, it’s not like they’re lacking in cheap energy, or the capacity to tap it. Confounds me to this day).
Even if we assume the best intentions for this one specific deal, which I won’t because I haven’t read up on it, Imperialism and neocolonialism still drive the economies of the Global North. I recommended many sources that thorughly document this process to the point of no longer being deniable.
If you get the time do read up on it, aside from checking that everything is indeed kosher, ask why you haven’t heard of it before. Why, in the list of data points you are exposed to, one that does not fit the colonial exploitation narrative seems to be missing.
Anyhow short rundown: Germany needs green hydrogen for its industry (at least until fusion, it’s dependent on energy inputs), Namibia has lots of wind and sun, world’s best location in fact, and Germany the tech to turn that into electricity, then into hydrogen, then into ammonia for transport. Germany is going to finance the initial stage of the project which includes enough generation capacity for Namibia’s electricity demands as well as to start exporting. IIRC it also includes fixing up the Namibian electricity grid. Namibia is planning on using its revenue share to further expand things and become an exporter of both green energy and refined metals, because when you have lots of hydrogen and also lots of iron ore it does make sense to export steel instead of ore, if not finished metal products. Value added yadayada you know your Marx.
And Namibia really can use the extra money. There’s plenty of stuff to invest in, from making sure San are not malnourished over not re-introducing school tuition to speeding up land reform. With easy access to capital and material, I’m sure Namibia will become a manufacturing powerhouse, at least compared to its population size. Sensible people look for win-win situations, and this is one of them. SWAPO even calls it Socialism with Namibian characteristics.
(Side note: Australians so far do not seem to have understood that it makes sense to keep the value-add in country, it’s not like they’re lacking in cheap energy, or the capacity to tap it. Confounds me to this day).
Even if we assume the best intentions for this one specific deal, which I won’t because I haven’t read up on it, Imperialism and neocolonialism still drive the economies of the Global North. I recommended many sources that thorughly document this process to the point of no longer being deniable.