Published by Todd Bush on November 18, 2024
Hydrogen Europe endorses the hydrogen declaration of the COP29 presidency to unlock the potential of a global market for clean hydrogen and its derivatives.
The declaration, backed by several UN bodies, is a major initiative of the COP29 Presidency aimed at reducing greenhouse gas emissions and contributing to global climate ambitions by gathering and making collective progress on hydrogen. This builds on last year’s COP28 commitments to accelerate low-carbon hydrogen production, transition away from fossil fuels, and triple renewable energy capacity by 2030, thus opening new avenues for a larger recognition of renewable and clean hydrogen and their derivatives as a key tool for decarbonisation.
>> In Other News: Are Global Companies on Track for Net-Zero 2050?
The COP29 Hydrogen Declaration calls for the global community to scale up hydrogen by acting on demand creation, standards and certification, finance, capacity building, trade, R&D, and sustainability. In addition, countries are specifically encouraged to include hydrogen in their national climate and energy plans and to monitor the progress made at COP30.
The COP29 Presidency sees this as a crucial step “for both the public and private sectors to unlock the potential of a global market for clean hydrogen and its derivatives with guiding principles and priorities, to address regulatory, technological, financing, and standardisation barriers.” This marks a significant move toward tackling global climate challenges.
Hydrogen Europe also supported the open letter of the global hydrogen industry. This Hydrogen Council-led initiative is complementary to the Hydrogen Declaration as it underlines the actions to accelerate the deployment of clean hydrogen and its derivatives by 2030.
Ivana Jemelkova, CEO of the Hydrogen Council, said: “On behalf of the Hydrogen Council, we applaud the COP29 Presidency for recognising the important role of hydrogen in the energy transition and putting forward the COP29 Hydrogen Declaration, which calls for bold action on demand and inclusion of hydrogen in the 2025 submission of Nationally Determined Contributions. Hydrogen has grown seven-fold in just the last four years, now reaching $75 billion in committed capital with 400+ large-scale projects around the world past FID. To deliver our shared climate goals, however, we need to do more, faster. Today’s Hydrogen Declaration is a key step in that direction, and we are grateful to 20 international industry partners including Hydrogen Europe for coming together to support it.”
Jorgo Chatzimarkakis, CEO of Hydrogen Europe, said: “The COP29 Hydrogen Declaration is a historical step that recognises the increasing importance of hydrogen in global climate discussions. It highlights the urgent need for additional measures to affordably transport and store renewable energy after the previous COP’s pledge to triple renewables. With the COP29 Declaration, Hydrogen Europe shares its commitment to working together with its 600 members and its partner organisations globally and in Europe to scale up renewable and low-carbon hydrogen production and deployment.”
Hydrogen Europe is a leading organization representing the hydrogen industry in Europe. Its mission is to drive the global adoption of hydrogen as a key solution for energy transition and decarbonisation. Hydrogen Europe works closely with its 600 members, including companies and research organizations, to develop innovative solutions and support the development of policies that enable the hydrogen economy. For more information, visit Hydrogen Europe's website.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🍁 Carney To Visit Calgary On Friday To Announce Industrial Carbon Pricing Deal, Sources Say 🚆 Frontier Advances CO₂-By-Rail System With Key Carbon Market Milestones ⛽ US House Pa...
Inside This Issue 🧬 Caravel Bio Accelerates Cost-Efficient Carbon Capture With Novel Protein Engineering 🧂 Akros Energy Inaugurates Pilot Plant For Salt-Based Hydrogen Storage 🍁 Anaergia’s Rhode I...
Inside This Issue ✈️ Par Pacific's Kapolei Biorefinery Is Now Making SAF in Hawaii ⛽ IRFA Confident Year-Round E15 Will Receive Strong, Bipartisan Support During May 13 House Vote 🛩️ LanzaTech Sel...
Ames, Iowa (May 13, 2026) —Summit Carbon Solutions announced today that it is refining portions of its proposed Iowa project footprint to focus on the strongest and most efficient path forward, hel...
US House Passes Bill Allowing Year-Round Sales of E15 Gasoline
Summary House vote follows failed attempts in 2024 and 2026 to secure year-round E15 sales Senate approval and Trump's signature are still required for bill to become law Congressional Budg...
Frontier Advances CO₂-by-Rail System With Key Carbon Market Milestones
Milestones with Puro.earth & Wild Assets advance Frontier's CO₂-by-rail platform and expand market pathways for ethanol producers DALLAS, May 14, 2026 /PRNewswire/ -- Frontier Infrastructure H...
HOUSTON, May 14, 2026 (GLOBE NEWSWIRE) -- Geokiln Energy Innovation Inc., a U.S.-based clean technology company has signed a Memorandum of Understanding (MOU) with the Ras Al Khaimah Energy Authori...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.