Covid-19 fiscal crunch could slow growth of green H2
Important parts of the renewable hydrogen economy will not reach competitive scale if governments pull back from providing promised support
The pandemic’s impact on government budgets, and therefore on green energy subsidies, may endanger the emergence of green hydrogen at commercial scale, analysts have warned. Green hydrogen is widely expected to be called upon to decarbonise the final 20pc of global energy consumption, especially for hard-to-abate sectors. But its ability to fulfil this role depends on production becoming cost-competitive with more conventional fuels. The cost of green hydrogen is falling and is expected to continue to do so, but production will not reach self-sufficiency unless governments first support adoption through investments and policies. “A government that wants to ‘go for green’ might decide t
Also in this section
19 April 2024
UAE renewables developer weighs opportunities to join green hydrogen projects in US and Canada, Andreas Bieringer, director of green hydrogen business development and commercial, tells Hydrogen Economist
17 April 2024
Building green hydrogen ports and lower production costs key to becoming global exporter
16 April 2024
European Commission to provide list of approved certifiers in a move that is expected to help unlock investment in the sector
9 April 2024
Higher country-level risk and green hydrogen project execution risks are driving up financing costs, according to the Hydrogen Council and McKinsey