EU Legislation Aims to Propel Green Hydrogen Industry Amid Concerns
The EU is finalizing legislation to advance the burgeoning hydrogen industry, estimated to be worth billions of euros. However, concerns are rising that the rules under development could place the sector under the control of major fossil fuel companies.
Flagship Green Energy Policy Faces Critical Negotiations in Brussels
Negotiators convene in Brussels for potentially conclusive talks on the hydrogen and decarbonized gas package, a flagship green energy policy. If an agreement is reached, the initiative could commence as early as spring, fostering an EU-wide network of hydrogen producers utilizing solar and wind power.
Controversy Surrounds Oversight Body for Hydrogen Industry
The debate centers on whether to place the rapidly emerging hydrogen industry under the existing body overseeing natural gas pipelines. Critics argue for a dedicated body to prevent potential conflicts of interest and ensure a market-driven approach to climate change.
Proposed Compromises and Industry Stakeholder Positions
The European Commission supports a new oversight body, while some MEPs propose using the body overseeing natural gas pipelines. A compromise suggests phasing in a new hydrogen oversight body over time. Industry players like Shell, Exxon Mobil, and BP are making significant investments, raising concerns about potential conflicts of interest.
In summary, while the EU aims for 10 million tons of green hydrogen by 2030, the oversight debate underscores the delicate balance between leveraging existing infrastructure and ensuring a clean energy transition.
Source: politico.eu
