The European Commission published its EU Hydrogen Strategy on 8 July 2020, setting out a vision of a significant role for hydrogen in achieving decarbonisation by 2050, recognising the difficulties of decarbonising some sectors purely through electrification and RES. The scale of the proposed investments (up to 500 GW of electrolysers by 2050 and almost €500 billion of investment) has attracted headlines, but less clear are the regulatory implications. How can a nascent and costly technology be promoted without sacrificing the principles of the EU energy market? For three core regulatory fundamentals underlying EU energy markets – fair access, cross-border competition and avoiding cross subsidies – we examine potential conflicts with the ambitious objective of hydrogen introduction. READ ECA’s INSIGHT HERE.
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