In summer 2020, the European Commission published the EU Hydrogen Strategy, lining out its vision, first goals and action points to ramp up a European hydrogen market. Almost three years later, the EU hydrogen framework is taking shape, reducing regulatory and investment uncertainty. When it comes to funding instruments to support the EU hydrogen ramp-up, however, we find a fragmented and complex landscape consisting of a diverse set of schemes and programmes at both EU level (e.g. Recovery and Resilience Funds, InvestEU, Innovation Fund) as well as at national and regional level in the EU member states. In the meanwhile, support schemes that offer substantive financial incentives for building up markets for hydrogen and powerfuels have gained momentum internationally, with the US Inflation Reduction Act being the most prominent example. Compared to the EU’s approach, other international approaches to providing public funding often appear to be leaner, less complex and/or business-friendlier. This dynamically developing European and international funding context is a starting point for discussions held around powerfuel funding.
During our upcoming hybrid event, we openly want to discuss the current and planned European hydrogen funding landscape with stakeholders from politics, science, businesses and civil society. Speakers include Johanna Schiele (DG CLIMA), Nick Connell (Green Hydrogen Coalition), Maren Preuß (Sunfire) and James Kneebone (Florence School of Regulation). The discussion will both address the suitability of funding programmes at EU and national level for enabling a fast European market ramp-up as well as lessons learned from the conducted global analysis of funding schemes. To inform this assessment and discussion, the Global Alliance Powerfuels will present findings from its latest study, “Public Funding for Powerfuels Projects Vol. II - Developments since summer 2021 and recommendations for policymakers”, at the beginning of the event.
Please register for the event below. Availability for in-person participation is limited, so please register as soon as possible (approval after registration). The number of online participants is not restricted.
Date: Monday, April 24th 2023, 4.00-6-30 PM
Location: BIP, Rue Royale/Koningsstraat 2-4, 1000, Brussels and online via Zoom
For further information please contact Friederike Altgelt: