Paul Harvey’s Post

The European Union aims to have 2% of its shipping run on green hydrogen by 2030, but the production of green hydrogen-based replacements requires significant capital investments. Transport & Environment (T&E), an NGO advocating for clean transport and energy, has mapped energy projects in development across Europe and found that if at least 17 green hydrogen projects become operational, they could meet nearly 4% of EU shipping's total energy demand by 2030. T&E found 44 other hydrogen projects in Europe that could also provide green fuels for ships, but project developers are also considering other hydrogen-hungry industries. The EU should ensure more supply and demand of e-fuels through regulation to provide investment certainty for fuel producers and shipping companies. T&E recommends member states mandate at least 1.2% of shipping fuels to be e-fuels by 2030 to secure all current projects and allow more projects to reach the final investment decision. Read more:https://lnkd.in/dbGpwdJ3

The European Union aims to have 2% of its shipping run on green hydrogen by 2030, but the production of green hydrogen-based replacements requires significant capital investments. Transport & Environment (T&E), an NGO advocating for clean transport and energy, has mapped energy projects in development across Europe and found that if at least 17 green hydrogen projects become operational, they could meet nearly 4% of EU shipping's total energy demand by 2030. T&E found 44 other hydrogen projects in Europe that could also provide green fuels for ships, but project developers are also considering other hydrogen-hungry industries. The EU should ensure more supply and demand of e-fuels through regulation to provide investment certainty for fuel producers and shipping companies. T&E recommends member states mandate at least 1.2% of shipping fuels to be e-fuels by 2030 to secure all current projects and allow more projects to reach the final investment decision. Read more:https://lnkd.in/dn4aAdjj

𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝗶𝗻 𝗴𝗿𝗲𝗲𝗻 𝗵𝘆𝗱𝗿𝗼𝗴𝗲𝗻 by Clean Energy Finance Corporation Australia aims to be a global #hydrogen leader, exporting #greenhydrogen and using it to decarbonise Australian #industries. Catalysing #investment The #CEFC is focused on investing in #projects which align with the National Hydrogen Strategy and put #Australia on a path to be a global green hydrogen leader by 2030. They are also seeking to harness the potential of green hydrogen to support the national ambition of reaching #netzero emissions by 2050. The National Hydrogen Strategy estimates that through developing a domestic #hydrogenindustry, $50 billion could be generated in additional #GDP by 2050. The download link: https://lnkd.in/d9REBQbq

Germany and Australia's $444 million green hydrogen auction marks a critical step in accelerating the global transition to clean energy. This partnership not only strengthens economic ties but also creates a vital framework for scaling hydrogen production and reducing global emissions. Potentially, the initiative could produce up to 30 million tonnes of green hydrogen by 2050, setting the stage for a new era of renewable energy trade! And for Australia, this is more than an export opportunity, it's a chance to position itself as a renewable energy superpower, aligning with global net zero ambitions. #GreenHydrogen #RenewableEnergy #Sustainability #NetZero

🌍🔋 Did you know that Costa Rica has the potential to lead green hydrogen production in the region? 🇨🇷💚 Thanks to its 100% renewable energy matrix, abundant water resources, and a legal framework that promotes investment, the country is positioning itself as a strategic destination for this growing sector. We invite you to read our latest blog post, where specialists, Luis Ignacio Palacios Degwitz and Simon S., explore how Costa Rica could become a global leader in the transition towards a more sustainable future. 🌱🔍 Discover more here 👉 https://lnkd.in/eM7G7cj8 #BusinessLawPartners. #GreenHydrogen

In a recent report, the International Renewable Energy Agency (IRENA) has outlined the burgeoning economic potential of renewable hydrogen, its production, and its derivatives. The report sheds light on the vital role international trade will play in balancing the supply and demand for renewable hydrogen, particularly as it pertains to regions with high renewable energy potential but distant from key demand centers. https://lnkd.in/e85fDwk3

Michael and his organization are onto something – the current #solar supply chain is too carbon-intensive. As our recent Boundless Report illustrates, recycled and domestically-produced steel module frames can greatly reduce the solar industry’s carbon footprint. Read more here: https://lnkd.in/enSiihH9

#Supporting the production of #renewable #hydrogen in #EU: Today, the Commission is also launching the second auction under the European Hydrogen Bank, via the Innovation Fund (IF24 Auction). It will allocate €1.2 billion from EU Emissions Trading System (ETS) revenues to support producers of hydrogen categorised as Renewable Fuel of Non-Biological Origin (RFNBO) located in the European Economic Area (EEA). With a budget increased by €400 million compared to the first IF23 Auction, the new IF24 Auction will support projects for renewable hydrogen production regardless of the sector in which it will be consumed, with a dedicated budget of €1 billion; as well as hydrogen production in projects with off-takers in the maritime sector, with a dedicated budget of €200 million.  The Commission is also offering an ‘Auctions-as-a-service' mechanism, which allows Member States to finance projects that had bid in the auction but were not selected for Innovation Fund support due to budgetary limitations. This enables Member States to use national funds to support projects on their territory without the need to run a separate auction at national level, reducing the administrative burden and cost for all parties. Spain, Lithuania and Austria have recently announced their participation in Auctions-as-a-Service this year, pledging up to €836 million in national funds to support renewable hydrogen production projects located in their countries.

The Business Council for Sustainable Development Australia is pleased to be cited in the Australian Government’s National Hydrogen Strategy 2024. This recognition highlights our commitment to advancing Australia’s clean energy transition and supporting sustainable economic growth. BCSDA contributed insights aligned with global best practices from the World Business Council for Sustainable Development, emphasising the role of renewable hydrogen in achieving net-zero emissions. We’re pleased to help shape a strategy that prioritises renewable hydrogen as a solution for decarbonising key industries and building a low-carbon future. https://lnkd.in/ghHPGavf #Hydrogen #Sustainability #CleanEnergy #RenewableHydrogen #Australia Andrew Petersen

With 2030 just over the horizon, 2024 must be the year that sees organizations accelerate their #decarbonization strategies. Our newly published International Renewables Report explores international, regional and local topics, including: - Trends in #supplychain decarbonization - Environmental commodities - Voluntary carbon markets - Tax credit investment Join us in driving momentum toward significant strides in decarbonization in 2024: http://spr.ly/6040XZaGr