Pressure builds on green hydrogen in pursuit of decarbonization
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Pressure builds on green hydrogen in pursuit of decarbonization

Preparations in Sharm El-Sheikh in full swing with two weeks to go for COP27
Photo: Reuters

COP27 placed green hydrogen production at the top of the global net-zero agenda. Banks want to fund this technology, but energy supply, cost and regulatory uncertainty are jeopardizing its future as the decarbonization solution for hard-to-abate sectors.

Green hydrogen is having a moment. From electrolyser manufacturing plants in Germany to green ammonia projects mushrooming under the Arabian sun, this is – as many bankers that Euromoney speaks to are keen to point out – a dynamic space.

It is also a sector that needs to be built from scratch, with a long value chain and diverse financing needs.

Typically seen as a neat solution for hard-to-abate industries, green hydrogen, or GH2, has possible applications across many different sectors.

“It is estimated that hydrogen could create as much as $11 trillion in investment opportunities over the next three decades,” Bank of America notes in a recent report.



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Sustainability and ESG senior reporter
Marianne Gros is sustainability and ESG senior reporter. She joined Euromoney in 2022, having previously covered asset allocation news in the European institutional investment space.
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