The rivalry between Europe and China in emission-free hydrogen technologies could become one of the defining business stories in the global effort to stop climate change. Scarred by its painful experience in solar PV manufacturing, which was developed in Europe at high cost only to later move to China, Europe is not taking any chances with hydrogen. In a bid to outcompete China and fulfil its ambition to become climate-neutral, Europe has launched a massive green hydrogen push to decarbonise industry and aviation and secure promising export opportunities. Green hydrogen is viewed by many as key to reaching “net-zero” emission targets, but a global rollout of the technology won’t be possible without steep price decreases.
Renew Economy 27th Jly 2020 read more »