The European Commission’s ambitious plan for a €1 billion green hydrogen and raw materials partnership with Namibia is facing uncertainty as the southern African nation refrained from signing the multicountry “Samoa Agreement.”
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In recent years, the green hydrogen industry has witnessed a fascinating shift in focus – a transition from the idea of importing green hydrogen from regions like North Africa to nurturing local, sustainable production within Europe.
As the hydrogen economy gathers steam worldwide, experts are warning that the European Union (EU) must expedite the deployment of…
Kazakhstan, known for its vast landscapes, is set to embark on a new journey – as a green hydrogen and ammonia exporter to Europe. In a significant agreement signed at the Global Gateway Forum in Brussels, Hyrasia One and Sarzha multifunctional marine terminal have joined forces to transport these clean energy carriers from Kazakhstan’s shores to global markets.
Europe is poised to dominate the green hydrogen market over the next five years, with the UK and the US facing an uphill battle to catch up, according to a report by international law firm Pillsbury.
The creation of the European Hydrogen Bank, announced a little over a year ago by Commission President Ursula von der Leyen, was a watershed moment for Europe’s hydrogen economy. On top of the important regulatory work being done to create the framework for this nascent market, we now had a much-needed support scheme administered at the European level for the continent’s first major hydrogen projects.
For Europe, the race to secure a prominent position in the green hydrogen landscape is nothing short of a strategic imperative.
Europe is at a crossroads in its pursuit of green hydrogen, a potentially transformative energy source that could revolutionize various sectors while significantly reducing carbon emissions.
Europe, despite its commitment to environmental sustainability, finds itself ensnared in the web of fossil fuels, with oil, gas, and coal comprising nearly 65% of its energy mix. This heavy reliance on fossil energies not only fuels climate change but also poses a significant geopolitical challenge, hindering Europe’s quest for energy independence. In this exploration, we delve into the current energy landscape, the challenges it poses, and the transformative role hydrogen is set to play.
The ambitious transition towards a sustainable and decarbonized hydrogen economy in Europe faces a roadblock due to ambiguous regulatory language in the European Union’s upcoming hydrogen and decarbonized gas markets package.
