EU Council Urges Rapid Implementation of Regulatory Framework for European Hydrogen Ecosystem
Key Ideas
- The EU Council calls for swift action to implement the EU regulatory framework to support the growth of the European hydrogen ecosystem.
- A special report by the Court of Auditors criticized the EU Commission's 2030 targets for renewable hydrogen production and importation as unrealistic.
- The Council's conclusions aim to address the challenges highlighted in the report and improve the industrial policy on renewable hydrogen within the EU.
- The focus is on creating a favorable regulatory environment to facilitate the emergence of a robust hydrogen sector in Europe.
The EU Council emphasized the importance of accelerating the implementation of the EU regulatory framework to bolster the development of the European hydrogen ecosystem. During the Economic and Financial Affairs Council meeting in Brussels on 5th November, the Council approved conclusions based on a special report by the Court of Auditors regarding the EU's industrial policy on renewable hydrogen. The report, issued in July, raised concerns about the feasibility of the European Commission's targets for 2030, which aimed for 10 million tonnes of renewable hydrogen production and importation. The Court of Auditors labeled these targets as unrealistic. In response, the EU Council welcomed the findings of the report and expressed the need for prompt action to address the identified challenges. The focus is on enhancing the regulatory framework to support the growth of the renewable hydrogen sector within the EU. By streamlining regulations and promoting investment in hydrogen technologies, the Council aims to create a conducive environment for the emergence of a sustainable and competitive hydrogen industry in Europe. The Council's positive sentiment towards hydrogen is evident in its call for rapid implementation of measures that will help realize the potential of hydrogen as a key element in the European energy transition.
Topics
Europe
Renewable Energy
Industrial Policy
Regulatory Framework
EU Council
Targets
Importation
Court Of Auditors
Ecofin
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