Assessment of the European Hydrogen Sector by the European Court of Auditors
Key Ideas
- The European Court of Auditors acknowledges the importance of hydrogen in the European energy and mobility transition and commends the progress made in setting legal frameworks at record speed.
- The assessment highlights the need for more clarity and robustness in defining targets for renewable hydrogen production and importing, as well as the necessity for alignment among member states.
- Challenges include insufficient consideration of low-carbon hydrogen targets, lack of coordination among member states, and inconsistent estimates of investment needs across the hydrogen value chain.
- Recommendations include updating the Hydrogen Strategy, creating a one-stop shop for EU funding guidance, and developing a clear roadmap for the hydrogen value chain's development by 2030.
The European Court of Auditors has conducted a thorough assessment of the European hydrogen sector, emphasizing not only the effective management but also the significant contribution of hydrogen to the energy and mobility transition in Europe. Hydrogen Europe has praised the ECA for its comprehensive analysis, pointing out both achievements and areas for improvement. While the European Commission has made rapid progress in setting legal frameworks for the hydrogen market, challenges remain. Targets for renewable hydrogen were found to be inadequately defined and driven more by political will than robust analyses, risking the achievement of 2030 targets.
The assessment also underlines the importance of defining renewable hydrogen and the need for investment certainty in the sector. However, challenges like the lack of consideration for low-carbon hydrogen targets, coordination issues among member states, and inconsistent cost estimates across the value chain have been identified.
The ECA recommends updating the Hydrogen Strategy, refining the targets for renewable hydrogen, and establishing a one-stop shop for EU funding guidance by mid-2025. Moreover, it suggests setting a clear EU roadmap for the hydrogen value chain's development towards 2030 and beyond, with close monitoring of progress through scoreboards. This assessment calls for collaborative efforts between the European Commission and member states to ensure a strategic and competitive shift towards decarbonization while supporting industry investments in the emerging hydrogen market.
Topics
Policy
Renewable Energy
Infrastructure
Investment
Decarbonisation
Legislation
EU Commission
European Court Of Auditors
Hydrogen Europe
Latest News