Hydrogen Policy: Setting the ground rules
Europe has led in recent years in establishing policy targets and support mechanisms for low-carbon hydrogen. But the passage of the Inflation Reduction Act, with its generous tax credits for hydrogen projects, seems to have put the United States in a leadership position—and is causing the EU to rethink its own approach. Is this now a competition – or will funding support in any jurisdiction help accelerate hydrogen development overall? Looking globally, what is the scale of the future opportunity for partnerships between potential low-cost hydrogen suppliers in the Middle East and Africa and potential importers in Europe and Asia?