Energymagz
No Result
View All Result
Friday, December 8, 2023
  • Login
  • Home
  • News
    • Solar
    • Wind Energy
    • Hydropower
    • Hydrogen
    • Geothermal
    • Bioenergy
    • Ocean Energy
    • Energy Storage
    • Grid
  • Region
    • Europe
    • North America
    • Asia
    • Africa
    • Middle East
    • Australia & Oceania
    • Latin America
  • Politics
  • Finance
  • Technology
  • Peoples
  • Study
  • Events
  • Jobs
Subscribe Now
Energymagz
  • Home
  • News
    • Solar
    • Wind Energy
    • Hydropower
    • Hydrogen
    • Geothermal
    • Bioenergy
    • Ocean Energy
    • Energy Storage
    • Grid
  • Region
    • Europe
    • North America
    • Asia
    • Africa
    • Middle East
    • Australia & Oceania
    • Latin America
  • Politics
  • Finance
  • Technology
  • Peoples
  • Study
  • Events
  • Jobs
No Result
View All Result
Energymagz
No Result
View All Result
Home Finance

Renewable Hydrogen Coalition Urges European Finance Ministers to Boost Funding for Hydrogen Projects

by Piers Harrett
November 20, 2023
in Finance, Politics
Reading Time: 1 min read
A A
0
ABB Joins Bair Energy Alliance for Large-Scale Green Hydrogen Project in Texas

Credit: Hydrogen Web

152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

The Renewable Hydrogen Coalition, comprising 14 chief executives, has issued a joint letter appealing to the 27 European Ministers of Finance to enhance financial support for renewable hydrogen and electrolyser manufacturing capacity within Europe. The CEOs are also urging the allocation of national budgets to the European Hydrogen Bank.

The letter, released today, emphasizes that the initial phase of European renewable hydrogen projects is on the brink of realization, contingent upon specific measures. Currently, only 4% of projects have reached the final investment decision, with challenges such as inflationary pressures and rising interest rates affecting investment cases.

See Also

Lhyfe and AREC Occitanie Unveil Green Hydrogen Project in French Occitanie Region

Lhyfe and AREC Occitanie Unveil Green Hydrogen Project in French Occitanie Region

December 8, 2023
Bluefield Renewable Developments Secures Approval for Solar Farm with Battery Storage in Northumberland

Bluefield Renewable Developments Secures Approval for Solar Farm with Battery Storage in Northumberland

December 8, 2023
Poland’s Solar Photovoltaic Capacity Set to Soar to 27GW by 2025

Valorem and T&T Proenergy Collaborate on 300-MW Solar Portfolio in Poland

December 8, 2023
Scottish Government Approves SSE Renewables’ Application for Achany Wind Farm Extension

SSE Renewables Granted Consent for 125MW Cloiche Wind Farm in Scottish Highlands

December 8, 2023

To expedite the deployment of renewable hydrogen projects and bolster electrolyser manufacturing capacity in Europe, the chief executives are calling for the streamlining of national and EU public funding. They are advocating for the allocation of national budgets to the European Hydrogen Bank, endorsing its “Auction-as-a-Service” approach to facilitate faster progress for national renewable hydrogen projects.

The letter further calls for the deployment of new funds in the upcoming European budget, with support from the European Investment Bank to provide guarantees that unlock and accelerate private investments in Europe.

In addition, the coalition urges the implementation of the “polluter pays” principle in energy taxation, proposing the taxation of products based on their greenhouse gas content.

Lastly, the CEOs advocate for the cessation of fossil fuel-related subsidies, aligning actions with the objectives outlined in COP28. The coalition asserts that these measures are essential to overcome existing challenges and ensure the successful realization of the critical first wave of European renewable hydrogen projects.

Tags: COP28EnergyEuropeEuropean Investment Bankfundinghydrogen

Related Posts

Utilitas Initiates Construction on Tallinn’s Largest Solar Farm, Aligning with European Green Capital Status
Finance

Bluefield Partners and Arcano Capital Close EUR 100 Million Fund for Italian Solar Assets

by Stanley Shelton
December 8, 2023
European Commission Launches €4 Billion Innovation Fund to Drive Decarbonisation Technologies
Finance

European Commission Approves €4.12 Billion Offshore Wind Support for French Projects

by Patrick Vaughn
December 8, 2023
Eversource Energy Nears Deal to Offload 50% Stake in 1.8-GW US Offshore Wind Portfolio
Finance

European Investment Bank Commits EUR 400 Million to Orsted for Offshore Wind Farm Construction

by Caesar Harrett
December 7, 2023
Solarvest Holdings Secures 11 Rooftop Solar Projects in Vietnam with 12.8MWp Capacity
Finance

GoldenPeaks Capital Secures Financing for 72MW Solar Portfolio in Poland

by Eddie Griffith
December 7, 2023
  • Trending
  • Comments
  • Latest
Dutch Offshore Wind Farms Stop Turbines to Allow Safe Passage for Migrating Birds

U.S. Federal Council Greenlights $1.5 Billion Offshore Wind Farm in Rhode Island

December 8, 2023
Masdar and Verbund Green Hydrogen Sign Pact for Green Hydrogen Plant in Central Spain

Masdar and Verbund Green Hydrogen Sign Pact for Green Hydrogen Plant in Central Spain

December 7, 2023
Solarvest Holdings Secures 11 Rooftop Solar Projects in Vietnam with 12.8MWp Capacity

GoldenPeaks Capital Secures Financing for 72MW Solar Portfolio in Poland

December 7, 2023
Emirates Steel Arkan, Ohmium International, and Khalifa University Collaborate to Advance Green Hydrogen in Steelmaking

Emirates Steel Arkan, Ohmium International, and Khalifa University Collaborate to Advance Green Hydrogen in Steelmaking

December 7, 2023
Lhyfe and AREC Occitanie Unveil Green Hydrogen Project in French Occitanie Region

Lhyfe and AREC Occitanie Unveil Green Hydrogen Project in French Occitanie Region

December 8, 2023
Cubico Sustainable Investments Achieves Milestone with 135-MW Solar Farm in Mississippi

Cubico Sustainable Investments Achieves Milestone with 135-MW Solar Farm in Mississippi

December 8, 2023
Utilitas Initiates Construction on Tallinn’s Largest Solar Farm, Aligning with European Green Capital Status

Bluefield Partners and Arcano Capital Close EUR 100 Million Fund for Italian Solar Assets

December 8, 2023
Bluefield Renewable Developments Secures Approval for Solar Farm with Battery Storage in Northumberland

Bluefield Renewable Developments Secures Approval for Solar Farm with Battery Storage in Northumberland

December 8, 2023

Newsletter

Categories

  • Bioenergy
  • Energy Storage
  • Finance
  • Geothermal
  • Grid
  • Hydrogen
  • Hydropower
  • News
  • Ocean Energy
  • Peoples
  • Politics
  • Smart Energy
  • Solar
  • Study
  • Technology
  • Wind Energy

Site Navigation

  • Home
  • About Us
  • Privacy Policy
  • Cookie Policy
  • Advertising
  • Subscription plans
  • Contact
Energymagz

Welcome to EnergyMagz, where we strive to provide the latest and most accurate information about the ever-changing world of clean energy. Our team of passionate writers and researchers is dedicated to covering all aspects of renewable energy, including solar, wind, hydro, geothermal, and more.

© 2023 By EnergyMagz

No Result
View All Result
  • Home
  • News
    • Solar
    • Wind Energy
    • Hydropower
    • Hydrogen
    • Geothermal
    • Bioenergy
    • Ocean Energy
    • Energy Storage
    • Grid
  • Region
    • Europe
    • North America
    • Asia
    • Africa
    • Middle East
    • Australia & Oceania
    • Latin America
  • Politics
  • Finance
  • Technology
  • Peoples
  • Study
  • Events
  • Jobs

© 2023 By EnergyMagz

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In