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The transition to a hydrogen-based economy is gaining momentum in both Germany and the European Union (EU). Used as an energy carrier, hydrogen holds the promise of freeing hard-to-decarbonise sectors like heavy industry, aviation, and maritime trade from their emissions. At the same time,...
Persistent link: https://www.econbiz.de/10014427509
The transition to a hydrogen-based economy is gaining momentum in both Germany and the European Union (EU). Used as an energy carrier, hydrogen holds the promise of freeing hard-to-decarbonise sectors like heavy industry, aviation, and maritime trade from their emissions. At the same time,...
Persistent link: https://www.econbiz.de/10014439458
The countries of the Gulf Cooperation Council (GCC) are mapping out agendas to kickstart a hydrogen economy. Especially Saudi Arabia, Oman, and the United Arab Emirates (UAE) are pursuing ambitious plans to supply Europe and Asia-Pacific with the carbon-friendly fuel. Numerous declarations of...
Persistent link: https://www.econbiz.de/10013347952
Due to Europe’s gas crisis and the Russian invasion of Ukraine, ramping up the hydrogen market has become more urgent than ever for European and German policymakers. However, ambitious targets for green hydrogen present an enormous challenge for the European Union (EU) and its young hydrogen...
Persistent link: https://www.econbiz.de/10013392192
Germany and the EU plan to import hydrogen and its derivatives from the Arab Gulf states. Although Germany has signed a joint declaration of intent with the Sultanate of Oman to this end, its efforts focus primarily on Oman’s larger neighbours. However, it would be a mistake to overlook...
Persistent link: https://www.econbiz.de/10014283754