The EU has ramped up policy support for hydrogen
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
Europe’s search for alternatives to Russian energy in the wake of the war in Ukraine could “supercharge” investment in low-carbon hydrogen and drive forward more than $1tn of projects globally by 2030, according to the IEA. The EU has ramped up its target for green hydrogen consumption to 20mn t/yr as part of its RepowerEU policy response to the war in Ukraine. Meeting this demand will require capital investment of c.$600bn globally, with 60pc of this for infrastructure outside the EU. The cost rises to $1.3tn when including the cost of capital to fund the investments, the IEA estimates. “The momentum behind the global low-carbon hydrogen sector has been given a major boost by Russia’s invas
Also in this section
27 September 2023
Two governments sign joint declaration of intent to cooperate on driving growth of trade and investment in low-carbon hydrogen
26 September 2023
Gulf state plans pipeline network and other infrastructure to support development of large-scale hydrogen production
22 September 2023
Excitement over natural hydrogen is building, but its potential to contribute meaningfully to global supply is unclear
22 September 2023
Imbalances between supply and demand ambitions risk derailing production growth, IEA warns
