Hydrogen Europe Advocates for Permanent Indirect Cost Compensation in EU's Emissions Trading System
Key Ideas
- Hydrogen Europe's director advocates for making the EU's Emissions Trading System indirect cost compensation permanent to enable competitive clean hydrogen production.
- Laurent Donceel highlights the importance of labeling schemes, sustainability criteria, and dedicated funding mechanisms to incentivize green product offtake.
- The statement follows the EU's plan for the steel and metals sectors, emphasizing the need for regulatory support to drive the transition towards sustainable practices.
- The focus on sustainable hydrogen production aligns with efforts to reduce carbon emissions and promote cleaner energy solutions in energy-intensive industries.
Hydrogen Europe's director, Laurent Donceel, has emphasized the significance of making the EU's Emissions Trading System indirect cost compensation permanent to facilitate more competitive clean hydrogen production. Donceel also stressed the necessity of implementing labeling schemes, sustainability criteria, and dedicated funding mechanisms as initial steps to encourage the uptake of green products. This advocacy comes in response to the EU's plan for the steel and metals sectors, underscoring the crucial role of regulatory measures in supporting the transition towards sustainable practices. By focusing on promoting sustainable hydrogen production, the statement aligns with broader objectives of reducing carbon emissions and advancing cleaner energy solutions, particularly in energy-intensive industries.