Published by Todd Bush on September 10, 2024
The final text of The Future of European Competitiveness report was officially presented today by former Italian Prime Minister Mario Draghi and incoming European Commission President Ursula von der Leyen.
>> In Other News: Texas A&M Joins $26 Million Initiative To Revolutionize Carbon Utilization
The highly anticipated report was shaped by extensive consultations across various societal sectors. It identifies major barriers to European competitiveness and proposes actionable steps to address obstacles in innovation, high energy costs, funding gaps, regulatory streamlining, and the pressing need for digitalization and defense capabilities.
Hydrogen Europe CEO Jorgo Chatzimarkakis acknowledged Draghi’s contributions, stating, "This report is exactly what Europe needs today: a strategic and concrete approach to address climate change, technological disruption, energy costs, and Europe’s economic resilience." The report underscores the importance of an EU Clean Industrial Deal to support decarbonization while maintaining industrial competitiveness. "Decarbonisation can be a catalyst for Europe's industrial revival," Chatzimarkakis emphasized, with hydrogen technologies playing a pivotal role in this transformation.
Hydrogen is highlighted in the report as a critical technology for driving European competitiveness. With Europe expected to undergo structural changes in the next decade, the hydrogen sector should build on existing frameworks like the Hydrogen Bank and Hydrogen Valleys, while introducing new approaches to legislation, governance, and funding to meet ambitious goals.
Daniel Fraile, Chief Policy Officer at Hydrogen Europe, remarked, "We are pleased that the report brings a technology-neutral approach to rebuilding EU competitiveness, recognizing hydrogen’s role in decarbonization alongside other solutions." Hydrogen Europe calls for collective investment and efforts at all levels of the EU to ensure that clean hydrogen technologies can support the EU’s industrial core.
Hydrogen Europe advocates for hydrogen as a key player in the EU's energy, industry, and competitiveness policies. As the EU moves forward in its next political cycle, Hydrogen Europe is pushing for ambitious goals to establish hydrogen as a cornerstone of net-zero strategies in cooperation with other sectors.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 💸 Trump Administration Cancels $3.7 Billion in Clean Energy Projects, Ending Ambitious Industrial Decarbonization Efforts 🌊 A New Protocol for Carbon Removal via Direct Ocean Cap...
Inside This Issue ⚡ Energy Department Removes Barriers for American Energy Producers, Unleashing Investment in Domestic Hydrogen 🛳️ MASH Makes Powers First Vessel Trial With Biofuel From a Carbon-...
Inside This Issue 🛢️ Conestoga Energy Completes Drilling of Class VI Carbon Capture & Sequestration Well, Advances Toward EPA Application 🏗️ How Microsoft and Sublime Systems Are Reinventing C...
FedEx Takes Delivery of Sustainable Aviation Fuel (SAF) from Neste at LAX
One-year, over three-million-blended gallon deal marks the first major U.S. SAF deployment by FedEx, building upon years of successful fuel efficiency improvements in its air operations. Shanghai,...
Cancellation of funding agreement for the Lebec Net Zero project by the US Department of Energy The US Department of Energy (DOE)**, Office of Clean Energy Demonstration has notified the US subsid...
Qnergy Sells Carbon Credits to Climate Investment from Landfill Methane Abatement Project in Utah
OGDEN, UT, UNITED STATES, June 3, 2025 -- Qnergy, a leading methane abatement solutions provider to the oil and gas and waste management industries, has successfully completed the sale of high-qual...
CarbonQuest Enters Food & Beverage Industry with On-Site CO2 Capture and Reuse Technology
CarbonQuest’s technology enables customers to recycle and reuse a resilient supply of ISBT beverage-grade CO2 on-site SPOKANE, Wash.--CarbonQuest, a leading distributed carbon capture technology p...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.