These incentives encompass substantial tax breaks, ranging from 33 percent to 55 percent of due taxes, aimed at stimulating green hydrogen production. Additionally, the government is encouraging the local production of electric vehicles to further enhance the country’s eco-friendly initiatives.
Portugal is set to launch the first-of-its-kind auction for rights to sell green hydrogen, slated for injection into the national gas grid.
For Europe, the race to secure a prominent position in the green hydrogen landscape is nothing short of a strategic imperative.
The European Union is leading the way in the development of a hydrogen economy, with more than 67 GW of electrolyzer capacity in the pipeline – more than the EU’s target for 2030. However, the European Commission President Ursula von der Leyen has warned that the installed capacity is still low and that the implementation of projects is lagging worldwide.
India is taking significant steps toward its green transition, with the ambitious goal of achieving net-zero emissions by 2070. To accelerate this transformation, the country is exploring alternative solutions, including reducing reliance on imported hydrogen by producing it domestically from carbon-emitting methane.
Hydrogen, often hailed as the future of clean energy, has taken a significant step closer to widespread adoption with a groundbreaking solar cell innovation. Researchers at the University of Tübingen have unveiled a new type of solar cell that boasts remarkable efficiency, promising decentralized and cost-effective green hydrogen production on an industrial scale.
The European Union has introduced a new Renewable Energy Directive that includes a mandate for industry to procure 42% of its hydrogen from renewable fuels by 2030, rising to 60% by 2035. This is a significant opportunity for Australian exporters of green hydrogen, which is produced using renewable energy sources such as solar and wind power.
Queensland Parliament has passed legislation that will fast-track the development of the state’s hydrogen industry, creating an estimated 10,000 jobs…
A new report on the potential for clean-burning hydrogen at ArcelorMittal Dofasco has come to a surprising conclusion: it’s more economical to import United States hydrogen made from natural gas than to manufacture it locally from Ontario electricity.
Tunisia is setting its sights on becoming a global powerhouse in the production and export of green hydrogen, with an ambitious target of manufacturing 8.3 million tonnes per year by 2050.
