Green hydrogen is being overlooked when it comes to the European Commission’s Taxonomy system. A recent legal challenge to the Taxonomy’s criteria on shipping and aviation highlights how the new rules could lead to investment in planes or ships running on fossil fuels.
Incentivising fossil-fuel funding in this way fails to promote investment in truly green solutions – namely green hydrogen – and ultimately contributes to global pollution for decades to come.
Supply of green hydrogen should first be targeted towards those industries heavily reliant on grey hydrogen. Supply must also be ramped up quickly for sectors that have no other route to decarbonisation.
Shipping and aviation are two such sectors, with green hydrogen and hydrogen-derived fuels best placed to meet their high energy and long-distance fuel requirements.
Quadrise plc (LON:QED) is an energy technology provider whose solutions enable production of cheaper, cleaner, simpler and safer alternatives to fuel oil and biofuels, proven in real world applications. Quadrise technologies produce transition fuels called MSAR® and bioMSAR™, which allow clients in the shipping, utilities and industrial sectors to reduce carbon emissions whilst also saving costs.
