Cross-border trade needs a common language. The absence of harmonised standards and certification systems for assessing and evidencing hydrogen’s sustainability attributes is an unnecessary barrier to investment. By eliminating inconsistent rules and methods to determine hydrogen’s carbon footprint, countries can provide certainty to buyers about hydrogen’s origin, offer more clarity on hydrogen’s contribution to decarbonisation goals, and reduce administrative costs…
“Although expensive today, green hydrogen costs are expected to plummet 75 per cent by 2030, as the price of electrolysers rapidly declines. Chinese companies already sell electrolysers at one-quarter the price of their western peers,” BloombergNEF says.
With the agreement, Denmark will aim to build an electrolysis capacity of 4 - 6 GW by 2030. With a target of up to 6 GW, Denmark is in the top 3 among the European countries. High ambitions for green fuels are crucial for phasing out fossil energy, reducing climate pressures, supporting green growth and loosening Russia's grip on Europe's…
The European Commission has today proposed an outline of a plan to make Europe independent from Russian fossil fuels well before 2030, starting with gas, in light of Russia's invasion of Ukraine.