Enabling Measures Roadmap for Renewable Hydrogen Europe

The report evaluates the European Union's progress in establishing a scaled renewable hydrogen market, highlighting a multi-layered regulatory framework and various financial instruments. While the EU has set ambitious 2030 targets for production and imports, the report notes a significant gap between planned projects and those reaching Final Investment Decisions (FIDs). It details key legislative updates, such as REPowerEU and the Net Zero Industry Act, and proposes further enabling measures, including a 'one-stop-shop' for finance and enhanced fiscal incentives for green products.

• The European Union has established 2030 targets to produce 10 million tonnes (Mt) of domestic renewable hydrogen and import an additional 10 Mt, aiming for a total off-take of 20 Mt.
• Despite the volume of planned projects, there is a critical bottleneck in project execution, with only 5% of planned renewable hydrogen production projects having reached a Final Investment Decision (FID).
• The European Commission has introduced the European Hydrogen Bank to stimulate investment, with an overall budget of €3 billion, of which €800 million was allocated for the first funding call in late 2023.
• The Net Zero Industry Act aims to ensure that at least 40% of the annual deployment needs for strategic Net Zero technologies, including electrolysers and CCS, are manufactured within the EU by 2030.
• To prevent carbon leakage, the Carbon Border Adjustment Mechanism (CBAM) attaches an import levy to goods like hydrogen, with a pilot phase scheduled for Autumn 2023.
• The EU has defined specific criteria for Renewable Fuels of Non-Biological Origin (RFNBOs), requiring them to deliver at least 70% GHG emission savings compared to fossil fuels.
• Europe maintains a strong position in hydrogen innovation, having filed 28% of all international hydrogen patent families between 2011 and 2020.
• The report identifies three primary hydrogen supply corridors—the Mediterranean, the North Sea area, and Ukraine—to connect European demand with local and external supply.
• The EU-ETS is used as a primary fiscal tool to incentivize the switch to green alternatives by pricing carbon emissions and phasing out free allowances for carbon-intensive producers.

APA

World Economic Forum (2023). Enabling Measures Roadmap for Renewable Hydrogen Europe. https://www3.weforum.org/docs/WEF_Accenture_Enabling_Measures_Roadmap_for_Renewable_Hydrogen_Europe_2023.pdf

Chicago

World Economic Forum. Enabling Measures Roadmap for Renewable Hydrogen Europe. 2023. https://www3.weforum.org/docs/WEF_Accenture_Enabling_Measures_Roadmap_for_Renewable_Hydrogen_Europe_2023.pdf.

Wikipedia

{{cite report |author=World Economic Forum |title=Enabling Measures Roadmap for Renewable Hydrogen Europe |date=July 2023 |url=https://www3.weforum.org/docs/WEF_Accenture_Enabling_Measures_Roadmap_for_Renewable_Hydrogen_Europe_2023.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{worldeconomicforum2023enabling, author = {{World Economic Forum}}, title = {{Enabling Measures Roadmap for Renewable Hydrogen Europe}}, institution = {World Economic Forum}, year = {2023}, month = jul, url = {https://www3.weforum.org/docs/WEF_Accenture_Enabling_Measures_Roadmap_for_Renewable_Hydrogen_Europe_2023.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }