Despite the unprecedented coronavirus pandemic currently unfolding, climate and environmental challenges remain the major threat to the planet and humanity as a whole. The EU has planned a green transformation well before the outbreak began. It aims to make the 27-member bloc the first carbon neutral continent by 2050 and the pandemic has not changed that.
Accelerating deep decarbonisation across economic activities and sectors and meeting increasingly challenging climate targets entails the implementation of a comprehensive set of policy and investment actions comprising a broad set of options. Among others, low-carbon and/or carbon-neutral fuels are receiving increasing interest and attention as a relevant decarbonisation route for those sectors that are harder to decarbonise. In this space, Hydrogen is a very promising energy vector.
The impacts of the global COVID-19 pandemic are still being understood, but it does seem clear that this crisis will make a mark on supply chains and low carbon solutions to support the economic recovery beyond the crisis. How to protect the evolution of green technologies in a challenging and disrupted market?
The EBRD together with COGEN Europe and GenComm will co-host an online session bringing together market players, policy makers, financial institutions and professionals to brainstorm about viable financial models and products which will explain how low-carbon hydrogen is an opportunity to protect investment towards emerging technologies.
This will be a great opportunity to reflect on different market development support mechanisms suited for different sectors and technologies; insights on what market players can do to address recovery and green growth through investments opportunities in innovative technologies and infrastructure.
How can we ensure initial investments in hydrogen in the EBRD Countries of Operation and what they might look like? When do these become genuine investment opportunities based on market demand for hydrogen and technology costs? How these will affect Europe’s energy future?