EU policy uncertainty still hampering projects

Investors calling for clarity on European regulation and alignment of bloc-wide and national hydrogen strategies

European hydrogen project investors have said they are holding back on taking FIDs because of uncertainty around the regulatory environment. Decisions on key European policies—such as the European Commission’s consultation on two delegated acts to clarify rules around green hydrogen or the updated green energy targets under the Renewable Energy Directive (Red)—remain outstanding, making it difficult for investors in the sector to plan ahead. MEPs in the European Parliament voted through an amendment to Red recently on the delegated acts that mean they may take even longer to emerge. “There are a lot of opportunities emerging globally, but at the same time we have to acknowledge that we do no