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EU Council weakens hydrogen targets
Council agrees non-binding goals for renewable fuels of non-biological origin in transport and industry
Australia can meet EU hydrogen import target – taskforce
But transporting sufficient green hydrogen supplies between the two will require significant expansion of export and import infrastructure, report says
EU’s war response can ‘supercharge’ hydrogen investment – IEA
RepowerEU targets imply extra $1.3tn of investment as Russia’s invasion of Ukraine gives sector’s momentum a major boost, the agency says
War adds impetus to Europe’s gas decarbonisation
Gas businesses have embraced the acceleration of decarbonisation prompted by the Ukraine war but are concerned about the feasibility of new targets—especially for hydrogen
No quick path to FID for Europe’s green hydrogen projects
Multiple proposals but few final investment decisions amid policy uncertainty and other risks, conference speakers say
Hydrogen deployment must triple to reach net zero – DNV
Green hydrogen costs will fall significantly towards 2050 to $1.5/kg but more must be done, says research agency
Protium raises £40.5mn in funding round
Cash will allow the firm to accelerate its portfolio of green hydrogen projects and support the development of its in-house digital capabilities
Hydrogen needs $133bn/yr under 1.5°C scenario – Irena
Hydrogen and its derivatives will contribute 10pc of total emissions reductions by 2050, agency says
Green hydrogen projects to grow rapidly
Wood Mackenzie estimates the global hydrogen project pipeline is 64mn t/yr, with green hydrogen making up 60mn t/yr of that
EU hydrogen backbone commits to supply corridors
Pledge delivered to the European Commission says members of the EHB initiative will deliver the infrastructure required to support EU hydrogen targets
The EIB says lending conditions must be improved
EU EIB Financing
Tom Young
31 May 2022
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More support needed for hydrogen finance – EIB

Credit-enhancing mechanisms and advisory support among recommendations set out in report by European Investment Bank

Significant challenges need to be addressed to create the conditions for the financing of large-scale hydrogen projects, according to a report from the European Investment Bank (EIB). Economic and regulatory conditions must improve to mobilise the financing needed to meet the ambitious EU targets of 20mn t/yr of hydrogen use by 2030, the report says. Some of the report’s recommendations—including the introduction of carbon contracts for difference and the harmonisation of existing regulations—have already been proposed in the European Commission’s RepowerEU legislation. The Commission has also proposed using funding for hydrogen projects under the Innovation Fund. But this funding must be ad

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