On the eve of the COP27 summit in Egypt on November 6-18, where world leaders are set to gather to take action towards achieving global climate goals, H2 View is taking a look back at the reaffirmed calls for more and immediate action to be taken.

2022 has seen a ramp up across the renewable energy, and indeed, the hydrogen industry, at a pace before unseen. New financial commitments range from the European Investment Bank (EIB), which just weeks ago committed an additional €5bn ($4.8bn), to the REPowerEU plan which looks to cut the continent’s emissions by 55% by 2030.  

In the US, the Inflation Reduction Act held what has been described as by President Biden as the “most significant legislation in history to tackle the climate crisis”, offering up to $3/kg of low-carbon hydrogen produced, as well as substantial investments to see fuel types from nuclear, renewables, and fossil fuels to be produced and used in the ‘cleanest possible way.’