

With the European Union struggling to meet its green hydrogen production goals, the bloc should expand its support to include US-style opex initiatives that can significantly accelerate its decarbonisation efforts, according to IMI.
Targets set by the European Commission in 2022 aim for 10m tonnes of the element to be produced from renewables in the EU by 2030 with another 10m imported, as part of its agenda to reduce greenhouse gas emissions. However, following industry comments that the EU’s complex regulations may impede this progress, the Union is being urged to embrace a broader array of generation-based incentives, similar to those offered by the US Inflation Reduction Act (IRA) to accelerate decarbonisation efforts[1].
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