Germany and UK bid for ‘international leadership’ on hydrogen
Two governments sign joint declaration of intent to cooperate on driving growth of trade and investment in low-carbon hydrogen
Germany and the UK have signed a joint declaration of intent to work together to drive the development of the low-carbon hydrogen sector, with a focus on growing international trade and accelerating the deployment of production projects. The two countries aim to establish “international leadership” on hydrogen markets by setting safety and regulatory standards to support trade. They also plan to cooperate on market analysis to support planning and investment by government and industry, and work to make hydrogen technologies cheaper and more accessible. “With this declaration, we are on our way to jointly help developing the European and international markets for hydrogen,” said Philipp Nimme
Also in this section
17 January 2025
Bank’s UK arm signs first deal to finance a green hydrogen developer, but cost and offtake pressures mean the sector remains too risky for many lenders
15 January 2025
The country’s technology-neutral position and competitive business environment mean it is looking to be surfing the second wave of the energy transition while others are still grappling with the first
14 January 2025
With abundant wind and sunshine, Africa is poised to lead in green hydrogen production. Yet high costs and financing challenges require global partnerships to unlock the continent's potential
14 January 2025
The continent’s largest economy sees an opportunity to join the global export market, but funding gap and lack of regulatory framework present challenges