Unlocking the Hydrogen Potential: Navigating PolicyFrameworks and Financial Mechanisms
WORLD
ECONOMIC
FORUM
in colaboration wth
Accenture
The EU’s key renewable hydrogen targets for 2030 include a 10 Mt production target and a 10 Mt import target, effectively resulting in a 20 Mt off-take ofrenewable hydrogen by 20301. Currently, planned renewable hydrogen production projects are already approaching the 10 Mt production target by 20302.However, only 5% of pianned projects have reached Final Investment Decision (FID)². To overcome the hurdle of attaining FID, both the presence of anattractive policy framework as well as the availability of appropriate (public) funding mechanisms – across the value chain – is required. Hence, in thisdocument we provide an overview of both the policy measures and funding and initiatives that will support the renewable hydrogen market development.
Unlocking the Hydrogen Potential: Navigating PolicyFrameworks and Financial Mechanisms
WORLD
ECONOMIC
FORUM
in colaboration wth
Accenture
The EU’s key renewable hydrogen targets for 2030 include a 10 Mt production target and a 10 Mt import target, effectively resulting in a 20 Mt off-take ofrenewable hydrogen by 20301. Currently, planned renewable hydrogen production projects are already approaching the 10 Mt production target by 20302.However, only 5% of pianned projects have reached Final Investment Decision (FID)². To overcome the hurdle of attaining FID, both the presence of anattractive policy framework as well as the availability of appropriate (public) funding mechanisms – across the value chain – is required. Hence, in thisdocument we provide an overview of both the policy measures and funding and initiatives that will support the renewable hydrogen market development.
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