Europe is boosting its green hydrogen ambitions as it looks to secure energy independence following the Russian invasion of Ukraine, and has increased targets for production and import of the gas by 15 million tonnes per annum.
At the beginning of March, when energy prices were soaring in reaction to the war, the European Commission set out its RepowerEU proposals to ensure Europe is independent from Russian fossil fuels before the end of the decade. Increasing green hydrogen supplies is part of the plan.
This ramps up the Commission’s hydrogen strategy launched in 2020, which called for €470 billion in investment by 2050 and set the goal of producing up to 10 million tonnes of the renewable version of the gas each year by 2030.
