EU's Clean Hydrogen Strategy and Compliance Markets for Climate Neutrality
As part of the EU's ambitious climate goals, aiming to become climate-neutral by 2050. They're promoting the use of clean hydrogen produced using renewable energy sources or other low-carbon methods.
Compliance markets refer to systems where companies can trade carbon credits to meet regulatory requirements for reducing greenhouse gas emissions. Clean hydrogen can help companies lower their carbon footprint and comply with these regulations.
Here are some key regulations and initiatives that mandate the use of clean hydrogen and support compliance markets:
โ ๐๐ ๐๐ฒ๐๐ซ๐จ๐ ๐๐ง ๐๐ญ๐ซ๐๐ญ๐๐ ๐ฒ: This strategy, part of the European Green Deal, aims to make hydrogen a key component of the EU's energy system. It includes measures to boost clean hydrogen production and use.
โ ๐๐๐ง๐๐ฐ๐๐๐ฅ๐ ๐๐ง๐๐ซ๐ ๐ฒ ๐๐ข๐ซ๐๐๐ญ๐ข๐ฏ๐ (๐๐๐ ๐๐๐): This directive, adopted in 2023, sets a new binding renewable energy target for the EU at a minimum of 42.5% by 2030. It promotes the use of renewable hydrogen produced through electrolysis powered by renewable energy sources.
โ ๐๐ ๐๐ฆ๐ข๐ฌ๐ฌ๐ข๐จ๐ง๐ฌ ๐๐ซ๐๐๐ข๐ง๐ ๐๐ฒ๐ฌ๐ญ๐๐ฆ (๐๐ ๐๐๐): This main compliance market system where companies can trade carbon credits, is a cornerstone of the EU's policy to combat climate change and reduce greenhouse gas emissions. It includes provisions for carbon contracts for difference, which can support the production of low-carbon hydrogen.
โ ๐๐ฎ๐ซ๐จ๐ฉ๐๐๐ง ๐๐ฅ๐๐๐ง ๐๐ฒ๐๐ซ๐จ๐ ๐๐ง ๐๐ฅ๐ฅ๐ข๐๐ง๐๐: This alliance aims to stimulate investments in clean hydrogen projects and build a pipeline of projects across the EU.
โ ๐๐๐ ๐ฎ๐ฅ๐๐ญ๐ข๐จ๐ง (๐๐) 2023/1804: Repealing the '๐๐ฅ๐ญ๐๐ซ๐ง๐๐ญ๐ข๐ฏ๐ ๐
๐ฎ๐๐ฅ๐ฌ ๐๐ง๐๐ซ๐๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ฎ๐ซ๐ ๐๐ข๐ซ๐๐๐ญ๐ข๐ฏ๐ 2014/94/EU '. It sets new targets and requirements for the deployment of alternative fuels infrastructure across the EU. https://lnkd.in/dGDFThX2
While the EU is on track to meet its 2030 targets, achieving climate neutrality by 2050 will require continued action and investment in clean technologies, including hydrogen. https://lnkd.in/dWvh4rSE
Biyat Energy & Environment Ltd helps industrial facility operators incorporate clean technologies, including hydrogen, through ๐ฌ๐ญ๐ซ๐๐ญ๐๐ ๐ข๐ ๐ซ๐จ๐๐๐ฆ๐๐ฉ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ, ๐ญ๐ฎ๐ซ๐ง๐ค๐๐ฒ ๐ฉ๐ซ๐จ๐ฃ๐๐๐ญ ๐๐ง๐ ๐ข๐ง๐๐๐ซ๐ข๐ง๐ ๐๐ง๐ ๐ฆ๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ, ๐๐จ๐ฆ๐ฉ๐ฅ๐ข๐๐ง๐๐ ๐๐ฌ๐ฌ๐ฎ๐ซ๐๐ง๐๐, and ๐๐ง๐๐ซ๐ ๐ฒ ๐๐๐๐ข๐๐ข๐๐ง๐๐ฒ ๐ข๐ฆ๐ฉ๐ซ๐จ๐ฏ๐๐ฆ๐๐ง๐ญ๐ฌ, all while ensuring sustainable practices and environmental responsibility.
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