The EU has set a price on carbon
Remove CO₂ protection to make green hydrogen competitive – NGO
Free allocations in the EU ETS means grey hydrogen producers are protected from carbon costs
A switch from unabated fossil hydrogen to renewable hydrogen is nearly viable economically with prices in the EU Emissions Trading System (ETS) at their current levels, but only if free allocation in the scheme is abolished, according to an analysis by non-governmental organisation Sandbag. The financial costs of such a switch in the methanol and fertiliser sectors are very close to a market price in the ETS of more than €55/t ($65/t) and are already below this price in the refining sector thanks to a market premium expected from selling Renewable Energy Directive II (Red II)-compatible transport fuel. The EU ETS market closed last week at just under €58/CO₂. “The switch to renewable h
Also in this section
24 January 2025
Clean hydrogen sector has enough traction globally to ride out a period of policy uncertainty under the Trump administration
23 January 2025
Russia, Poland and Romania are the biggest players when it comes to hydrogen projects in the region
23 January 2025
The UK leads Western Europe in terms of active hydrogen project market share, but developments are planned across Italy, Spain, Portugal, the Netherlands and the Nordic countries
23 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
