EU hydrogen policy ‘risks being too late’
The bloc is in danger of losing investment to other regions, says industry body Hydrogen Europe
Europe must improve the speed at which it sets the policy framework for a hydrogen economy if the region is to avoid losing investment to the US and other regions, according to industry group Hydrogen Europe’s CEO, Jorgo Chatzimarkakis. Speaking at the Recharge Hydrogen Summit in Hamburg, Chatzimarkakis said the US’ Inflation Reduction Act has accelerated the pace of development in the country with its production tax credit of up to $3/kg of hydrogen. “It is simple and it is clear,” he said, noting that, in contrast, legislation from the European Commission “came late and discriminates against hydrogen”. Hydrogen Europe was one of several bodies that complained that the provisions of the Com
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