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 🛫 XCF Global Outlines Plan to Build Multiple SAF Production Facilities and Invest Nearly $1 Billion in Renewable Fuel Production Capacity by 2028 ⚓ Backgrounder: Government of Ca...
Inside This Issue ✈️ SAF Isn’t a Buzzword Anymore - It’s 2025’s Breakout Fuel 🏅 Global Energy Prize Awarded to Three Scientists From China, USA and Russia ⚡ ACES Delta I Hydrogen Production and St...
Inside This Issue 🛢️ Exxon's Gas Strike, EPA Smackdown, and Carbon Curveball 🏭 MHI Awarded Contract for Basic Design of Japan's Largest CO₂ Capture Plant at Hokkaido Electric Power's Tomato-Atsuma...
NewHydrogen Announces Its First Production of Clean Hydrogen
The Company achieves a major milestone and value inflection point by demonstrating real-time hydrogen production using its novel ThermoLoop™ heat-based water-splitting system SANTA CLARITA, Calif....
CF Industries Holdings, Inc. (NYSE: CF) today announced the start-up of the carbon dioxide (CO2) dehydration and compression facility at its Donaldsonville Complex in Louisiana. The facility will e...
Frontier Commits $1.75M to Advance Ocean Alkalinity and Mineralization Carbon Removal Startups
$1.75M in prepurchases made by Frontier on behalf of Stripe, Shopify, and Google to accelerate three early-stage carbon removal startups. Pioneering ocean alkalinity enhancement and surficial mine...
Climate Solutions Company Spiritus to Add Jobs, Expand Footprint in New Mexico
Spiritus Technologies PBC, a company engaged in sustainable carbon removal, has been awarded state LEDA assistance to add jobs and expand its footprint in New Mexico, through a program administered...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.