This MOC will allow California and Japan to cooperate on projects, information sharing, research and development, investments, and more in the following areas: climate change; trade and investment; renewable energy; energy storage; business exchange; zero-emission vehicles; high-speed rail and other public transportation services; and water conservation and management. A copy of the Memorandum of Cooperation signed today can be found…
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.