Date: 24 October 2023
From 2014 to 2020, the hydrogen industry had access to over EUR 1 billion in public funds for its projects thanks to a public–private research partnership between the European Commission and the lobby group Hydrogen Europe. This partnership has been key to creating the hydrogen hype and will ensure that more public funds flow to Hydrogen Europe members in the years to come. It is no coincidence that the Commission’s EU Hydrogen Strategy is worryingly similar to the objectives of Hydrogen Europe. The industry estimates that the investments needed for hydrogen both inside and outside the EU will total EUR 430 billion by 2030.
In the third and final webinar of this series, we looked at how the EU, blinded by the hydrogen industry’s close ties to the fossil gas sector, is providing regulatory and financial support to hydrogen projects, whether through new or existing EU funding streams, acquiring resources beyond the EU’s borders, or promoting the new wave of neocolonial extractivism.
Agenda:
- Hydrogen in the Global Gateway and in the new EIB energy investment policy
- Between green extractivism and energy justice: competing strategies in South Africa’s hydrogen transition
- The role of the EU in Chile’s hydrogen promotion
News on ReCommon’s website
Recording from the webinar ‘The green hydrogen illusion’
