Published by Todd Bush on November 11, 2024
The Council has today adopted conclusions on the special report of the European Court of Auditors on the EU’s industrial policy on renewable hydrogen. The conclusions welcome the report, call for swift implementation of the EU’s regulatory framework, encourage development of an interconnected transportation network, and call on the European Commission to take measures that support both the competitiveness of EU industry and security of investment.
>> In Other News: COP29: the UAE, Host of COP28, is First to Submit Its New National Climate Plan, but Fails to Address Fossil Fuel Phase Out
The Council conclusions adopted today follow an in-depth analysis of the Special Report on the EU’s industrial policy on renewable hydrogen. The report evaluates the Commission’s effectiveness in creating the right conditions for the emerging renewable and low-carbon hydrogen markets. The report assesses the EU’s policy communications and legislative proposals (i.e., the Hydrogen Strategy of the EU, the REPowerEU Plan, the Renewable Energy Directive (RED III), the ReFuelEU Aviation Regulation, the FuelEU Maritime Regulation, the Net-Zero Industry Act, and the Gas Package), as well as funding programmes aimed at developing the hydrogen value chain.
The conclusions note that the Council and the European Parliament have already adopted important legislative proposals (i.e., the Gas and Hydrogen Package and the Net-Zero Industry Act), which will help the EU reach its energy and climate objectives and strengthen the competitiveness of the EU’s strategic net-zero industry. However, for these legislative acts to contribute to the emergence of the European hydrogen ecosystem, it is important that the existing legal framework is implemented swiftly.
The conclusions attach particular importance to Member States’ national energy and climate plans when considering EU-level targets for the production and import of hydrogen.
According to the conclusions adopted today, the interconnection of European networks will be of great importance for facilitating cross-border hydrogen transportation and storage, and for linking producers and buyers.
The conclusions urge the Commission to consider the recommendations of the European Court of Auditors’ report and to follow up with coherent actions, while striking the right balance between ensuring a competitive edge for European industry on the one hand and investor security on the other.
When the European Court of Auditors publishes a special report, the Council drafts conclusions with a view to finding solutions to the problems raised.
The European Court of Auditors’ special report entitled ‘The EU’s industrial policy on renewable hydrogen - Legal framework has been mostly adopted - time for a reality check’ was adopted on 17 July 2024.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🌱 Indigo to Sell 2.85 Million Tonnes of Carbon Removal to Microsoft, Supporting Soil Health Through Regenerative Agriculture 🏛️ Legislation Would Give Parishes Control Over Carbo...
Inside This Issue 🏗️ This $475M Indiana Plant Turns Petcoke Into Clean Fuel 🏛️ Buckeye Gives Final Support to Rezone Nikola Property for Hydrogen Huba 🧪 CHARBONE Secures its First Order for Clean ...
Inside This Issue ⚡️ Florida Just Made Hydrogen History With This First 🏗️ KBR Awarded FEED for Coastal Bend LNG Project 🌱 Grassroots Carbon Becomes First U.S. Company to Deliver 1.9 Million Tons ...
HOUSTON--Phillips 66 (NYSE: PSX) and Kinder Morgan, Inc. (NYSE: KMI) today announced the launch of the second open season for the Western Gateway Pipeline (Western Gateway), a newly proposed refine...
Gevo, Inc. (NASDAQ: GEVO), a leader in renewable fuels and chemicals, as well as carbon management, today announced that it has been awarded U.S. Patent No. 12,486,207 B2 from the United States Pat...
Court Says Trump Admin Illegally Blocked Billions in Clean Energy Grants to Democratic States
A federal judge has ruled that the Trump administration acted illegally when it canceled $7.6 billion in clean energy grants for projects in states that voted for Democrat Kamala Harris in the 2024...
Varaha Signs Carbon Removal Agreement With Microsoft
Agreement Calls for Over 100,000 tonnes of Carbon Dioxide Removal (CDR) across 3 Years GURUGRAM, India, Jan. 15, 2026 /PRNewswire/ -- Varaha, a leading developer of carbon dioxide removal (CDR) pr...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.