Hydrogen Europe endorses the #HydrogenDeclaration of the #COP29 Presidency to unlock the potential of a global market for #cleanhydrogen and its derivatives.
The Declaration, backed by several United Nations bodies, is a major initiative of the COP29 Presidency aimed at reducing #greenhousegas emissions and contributing to global #climate ambitions by gathering and making collective progress on #hydrogen.
The COP29 Hydrogen Declaration calls for the global community to scale up hydrogen by acting on demand creation, standards and certification, finance, capacity building, trade, R&D, and sustainability. In addition, countries are specifically encouraged to include hydrogen in their national climate and energy plans and to monitor the progress made at #COP30.
The COP29 Azerbaijan Presidency sees this as a crucial step “for both the public and private sectors to unlock the potential of a global market for clean hydrogen and its derivatives with guiding principles and priorities, to address regulatory, technological, financing, and standardisation barriers.”
Hydrogen Europe also supported the open letter of the Global Hydrogen Industry. This Hydrogen Council-led initiative is complementary to the Hydrogen Declaration as it underlines the actions to accelerate the deployment of clean hydrogen and its derivatives by 2030.
Ivana Jemelkova, CEO of the Hydrogen Council, said “On behalf of the Hydrogen Council, we applaud the COP29 Presidency for recognising the important role of hydrogen in the #energytransition and putting forward the COP29 Hydrogen Declaration, which calls for bold action on demand and inclusion of hydrogen in the 2025 submission of Nationally Determined Contributions. Hydrogen has grown seven-fold in just the last four years, now reaching $75 billion in committed capital with 400+ large-scale projects around the world past FID. To deliver our shared climate goals, however, we need to do more, faster. Today’s Hydrogen Declaration is a key step in that direction, and we are grateful to 20 international industry partners including Hydrogen Europe for coming together to support it.”
For more info:
➡ Full #H2Europe press release: https://lnkd.in/eqdQy8xX
➡ COP29 Declarations and Pledges: https://lnkd.in/eG_NkFiy
➡ Open letter from the global hydrogen industry: https://lnkd.in/ee_Vt--y