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Up to 34% of global GHG emissions from fossil fuels and industry could be cut “at manageable cost” thanks to clean hydrogen produced from cheap wind and solar electricity, says the study. (2/4)
But getting clean hydrogen produced in sufficient quantities and at reasonable costs will require infrastructure investments and the roll-out of around $150 billion of subsidies over the next decade, says BNEF's @kobadb. (3/4)
Think tank @AgoraEW says mobilising such a large amount of subsidies will require an EU-wide framework, or even a global coalition in order to avoid free-riding.
Their recommendation is to mandate a quota for green hydrogen at EU level, and gradually raise the target. (4/4)
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EU angle here: (1/4)