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The EU has ramped up policy support for hydrogen
IEA EU
Stuart Penson
23 June 2022
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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

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22 March 2023
While hydrogen is expected to play a significant role in energy systems from mid-century, Shell’s latest long-term scenarios anticipate a decade of delay if net zero is deprioritised amid deepening geopolitical tensions

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