Pressure builds on green hydrogen in pursuit of decarbonization

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.

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