The European Commission has initiated its first pilot auction under the European Hydrogen Bank to support the development of the renewable hydrogen market. Hydrogen is considered crucial for decarbonizing challenging sectors with hard-to-abate emissions. While hydrogen production is significant, the majority involves fossil fuels, contributing to pollutants and greenhouse gas emissions. The EU aims to scale up renewable hydrogen production to 10 million tons domestically and import an additional 10 million tons by 2030. The Hydrogen Bank auctions allow producers to bid for support, providing a fixed premium per kilogram of renewable hydrogen, bridging the cost gap and stimulating investments. The auction is a pilot, with a second round planned for the next year. Additionally, the Commission introduces “Auctions-as-a-service” to fund projects not selected in the auction due to budget constraints, utilizing the EU Innovation Fund. The move aligns with the EU’s commitment to creating a transparent renewable hydrogen market and accelerating the clean energy transition.
By FCCT Editorial Team
, an independent military force, and allied militias in Sudan raped several dozen women and girls in West Darfur’s capital, El Geneina, and those fleeing to Chad between late April and late June 2023, Human Rights Watch said today. The assailants appear to have targeted people because of their Massalit ethnicity and, in some cases, because they were known activists.){kind=link}