In the past decade, the challenge of climate change and the understanding of the urgent need to take measures to preserve the environment have dominated governmental, organization, and business discourse.
In our sphere of action, technology, sustainability, and conservation go hand-in-hand. With this in mind, we seek to support and develop projects that challenge our culture of natural resource depletion, as well as the way we live, eat, and tackle our everyday challenges. In addition to a number of other initiatives, we have lately begun studying hydrogen in order to facilitate the energy transition.
Global warming compels us to reevaluate how we produce energy. The energy transition necessitates the replacement of current systems with those that emit little to no carbon dioxide and are based on renewable energy sources. This shift presents new opportunities, such as a market for hydrogen, as numerous nations work to decarbonize their energy infrastructure. A market with significant potential for Argentina.
Because Argentina is a major producer of natural gas, blue hydrogen (which is also derived from fossil fuels but does not emit carbon dioxide) is a crucial bet within the next 15 to 20 years. This is crucial for the development of our own technologies and the creation of new jobs.
On our land, the required ingredients exist to position ourselves as a global reference: vast areas with wind, solar radiation, an abundance of water, and an energy grid ready to advance the transition to renewable energies. The world is about to enter a period of enormous demand for hydrogen, and Argentina and Latin America have what it takes to become major providers.
However, if we fail to handle the urgency, our privileged position in the supply chain could be severely jeopardized. 2006 saw the passage of the Hydrogen Promotion Law 26.123, however it has not yet been regulated. In addition, the law created the foundation of the National Hydrogen Promotion Fund, which would be funded by the State and third-party donations.
In addition, the projects would get tax benefits for the payment of VAT and income tax on the purchase of capital goods and/or the execution of development-related work. Finally, hydrogen produced for use as a car fuel would be exempt from infrastructure taxes on liquid fuels, natural gas, diesel, and water. When they are not enforced, laws are become meaningless. The absence of regulation represents a violation of the principles enumerated in the National or Provincial Constitution, with the violation of the law serving as an aggravating factor.
National or Provincial Constitution, with the aggravating circumstance that its omission implies legislative obstruction.
Are we going to squander a once-in-a-lifetime opportunity to lead a rising market that is good for the environment, creates opportunities and jobs, and promotes the full potential of our human resources?
It is essential to offer a legislative and regulatory framework to govern its implementation, to propose the circumstances for sustainable mobility, to create incentives, and to outline a general strategy to accompany the new paradigm.
Importance lies in not delaying what is urgent.