The Commission is will also publish two Delegated Acts on the definition and production of renewable hydrogen to ensure that production leads to net decarbonisation. To accelerate hydrogen projects, additional funding of €200m ($210m) is set aside for research.
Reducing fossil fuel consumption in industry and transport has also played a prominent part in the report. The Commission have stated it will, “roll out carbon contracts for difference to support the uptake of green hydrogen by industry and specific financing for REPowerEU under the Innovation Fund.”
The plan comes in response to global energy market disruption caused by the war in Ukraine, which accelerated the need to end the EU’s dependence on Russian fossil fuels.
The European Commission also mentioned a plan to build a new energy system for Ukraine, using electricity and renewable hydrogen, under the REPowerUkraine initiative.
Additionally, with the EU’s Fit for 55 mission, which would see Net Zero greenhouse gas (GHG) emissions from all EU states and institutions by 2050, the need for hydrogen has never been higher.
On May 5, that the European Commission and European electrolyser manufacturing companies, signed a joint declaration, that would see the EU’s manufacturing capacity increased to 17.5GW by 2025.
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