The European Commission’s initiative to develop this energy will unlock investment and state support, in addition to the hydroduct between Barcelona and Marseille
The European Commission published this Monday its proposal to define the rules that will mark the development of green hydrogen in the European Union. This directive has been the result of a major struggle within the Twenty-Seven, culminating in a victory for France, which has committed itself to the development of hydrogen produced by nuclear energy. Finally, Brussels will allow its production at least until 2030.
This regulation, which must be ratified by the European Parliament and the Member States within two months, will unlock the million-dollar investments for the development of this energy that have been blocked until now due to the lack of a regulatory framework in Brussels . The Delegated Hydrogen Act establishes the regulatory bases to promote energy infrastructure and direct state support. This proposal would also unlock the H2Med water pipeline, which will connect Barcelona and Marseille and carry two million tons of clean hydrogen per year, 10% of the continent’s consumption.
The EU aims to attract investment that will enable the production of up to 10 million tonnes of green hydrogen, a target that aligns with the plan to promote its energy autonomy, REPowerEU. To be considered clean, the electrolysers used to generate this energy must be connected to “renewable electricity production”. In this way, the production of hydrogen will contribute to decarbonising the continent.
Brussels calculates that an additional 500 terawatt hours (TWh) of electricity from renewable sources will be needed to meet the 2030 targets. In that year, the EU is aiming for 14% of its total electricity consumption to be green, although Brussels is aiming to raise that target to 45%.
Source: La Verdad
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
