There is a fairly broad consensus in the climate movement that hydrogen has to play an important role within the international energy transition (especially for the decarbonisation of energy-/feedstock-intensive industry sectors). And while there’s an understanding that only hydrogen produced 100% from renewables will match the requirements of being “clean” and therefore “climate-friendly”, few speak of possible shadow sides of this green dream (especially with regard to the Global North-South dependency resulting from green hydrogen production). In a two parts blog series, Andy Gheorghiu touches upon some of the aspects that promoters of green hydrogen should not forget.
Pressure on the fossil fuel industry to stop developing new projects and to start to phase out the production of coal, oil and gas is steadily increasing. On May 18, UN Secretary-General Antonio Guterres stated unequivocally that “Fossil fuels are a dead end — environmentally and economically. […] We must end fossil fuel pollution and accelerate the renewable energy transition, before we incinerate our only home.” Global finance, and especially the leadership of the Glasgow Financial Alliance on Net Zero (GFANZ), needs to follow Guterres’ lead, stop waffling on fossil fuels and send a clear message to the industry that its days are numbered. Paddy McCully gives a broader look. This article was originally published in Reclaim Finance.
Recent events have thrown the debate as to whether fossil gas remains required to ensure the security of Europe’s energy supplies completely on its head. The threat that gas supplies can be either weaponised or placed under international sanctions at any point has never been clearer and has highlighted the urgent requirement for accelerated low carbon energy capacity deployment for Europe to reduce its reliance upon the fossil fuel. Jonathan Sims, Senior Analyst at the think tank Carbon Tracker Initiative, has the details.
Hydrogen has emerged as a key element in the race to net-zero worldwide. South Korea is one of the most proactive advocates of hydrogen, passing the world’s first hydrogen economy law last year. In its carbon neutrality scenarios unveiled last month, meanwhile, hydrogen is given more weight than renewables. What is the Korean government doing to boost the hydrogen economy, and why? Yi hyun Kang investigates.
In what may seem a last ditch effort, the European Union has turned to the slow churning wheels of the law to stimulate climate action in 27 Member States (MS) towards a single goal: a carbon neutral Europe by 2050. European Commission (EC) president Ursula von der Leyen puts on a warm smile to say the text of the proposed European Union Climate Law is “actually rather short and it is rather simple.” We leave simplicity to constitutional lawyers, who may find “simple” an amusing word to describe a law with massive implications for national constitutions and EU treaties. Michael Davies-Venn has the story.