EC Executive Vice-President for Clean, Just and Competitive Transition Teresa Ribera at the World Economic Forum
EU backs hydrogen for role in clean industrial strategy
Commission doubles down on plan to boost growth through investment in transition, as European oil and gas majors refocus on fossil fuels
The EU has redoubled its efforts to kickstart the growth of clean hydrogen supply and demand as part of a wider package of measures designed to drive investment in clean technology and decarbonisation. The EU said it will launch its third European Hydrogen Bank auction of green hydrogen subsidies in the third quarter of 2025 with a budget of up to €1b ($1.05b) in a move to “de-risk and accelerate the uptake of hydrogen production”. The EU will also adopt another delegated act in the first quarter of the year, to clarify the rules for producing blue hydrogen “in a pragmatic way, providing certainty to investors”. “The Clean Industrial Deal is Europe’s business plan to tackle the climate
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The creation of ‘lead markets’ to generate hydrogen demand in the EU has potential, but implementation would pose complex challenges for producers and industrial offtakers
