Japan and Europe join hands to develop global hydrogen market

Regions’ respective trade bodies sign memorandum of understanding to bolster deployment of and trade in hydrogen, underscoring the growing international cooperation in the sector

The well-developed energy dialogue between Japan and the EU has gone up a level following the signing of a memorandum of understanding (MOU) between trade bodies Hydrogen Europe and the Japan Hydrogen Association (JHA). By focusing on the exchange and alignment of regulatory frameworks and policies, facilitating the trade in hydrogen and its derivatives and enhancing funding and financing instruments, Japan and the EU are working to elevate the profile of hydrogen at the international level. With both sides having set long-term ambitions of being climate-neutral by 2050, closer cooperation in hydrogen facilitated through the MOU will play a pivotal role in their transition drive.  The EU's h