Policy & Socio-Economics
Prospects and Challenges for Green Hydrogen Production and Utilization in the Philippines
Apr 2022
Publication
The Philippines is exploring different alternative sources of energy to make the country less dependent on imported fossil fuels and to reduce significantly the country's CO2 emissions. Given the abundance of renewable energy potential in the country green hydrogen from renewables is a promising fuel because it can be utilized as an energy carrier and can provide a source of clean and sustainable energy with no emissions. This paper aims to review the prospects and challenges for the potential use of green hydrogen in several production and utilization pathways in the Philippines. The study identified green hydrogen production routes from available renewable energy sources in the country including geothermal hydropower wind solar biomass and ocean. Opportunities for several utilization pathways include transportation industry utility and energy storage. From the analysis this study proposes a roadmap for a green hydrogen economy in the country by 2050 divided into three phases: green hydrogen as industrial feedstock green hydrogen as fuel cell technology and commercialization of green hydrogen. On the other hand the analysis identified several challenges including technical economic and social aspects as well as the corresponding policy implications for the realization of a green hydrogen economy that can be applied in the Philippines and other developing countries.
Net Zero and Geospheric Return: Actions Today for 2030 and Beyond
Sep 2020
Publication
In a report co-authored by Columbia University’s Centre on Global Energy Policy (CGEP) and the Global CCS Institute titled ‘Net Zero and Geospheric Return: Actions today for 2030’ findings reveal that climate finance policies and the development of carbon dioxide removal technologies need to grow rapidly within the next 10 years in order to curb climate change and hit net-zero targets.
The report unveils key climate actions required to avoid climate catastrophe:
With 2020 set to close the hottest decade on record CO2 emissions need to drop by 50% to achieve net-zero climate goals by 2030 The rapid deployment of climate mitigating infrastructure needs to occur including the expansion of CO2 pipelines from the current 8000 km to 43000 km by 2030 Clear climate polices which reduce the financial and regulatory risk of CO2 capture and storage and increase CO2 storage options need to be quickly developed and implemented.
Link to document on Global CCS Institute Website
The report unveils key climate actions required to avoid climate catastrophe:
With 2020 set to close the hottest decade on record CO2 emissions need to drop by 50% to achieve net-zero climate goals by 2030 The rapid deployment of climate mitigating infrastructure needs to occur including the expansion of CO2 pipelines from the current 8000 km to 43000 km by 2030 Clear climate polices which reduce the financial and regulatory risk of CO2 capture and storage and increase CO2 storage options need to be quickly developed and implemented.
Link to document on Global CCS Institute Website
Exploring the Evidence on Potential Issues Associated with Trialling Hydrogen Heating in Communities
Dec 2020
Publication
Replacing natural gas with hydrogen in an everyday setting – piping hydrogen to homes and businesses through the existing gas network – is a new and untested proposition. At the same time piloting this proposition is an essential ingredient to a well-managed low carbon transition.<br/>The Department of Business Energy and Industrial Strategy (BEIS) has commissioned CAG Consultants to undertake a literature review and conduct a set of four focus groups to inform the development of work to assess issues associated with setting up a hypothetical community hydrogen trial. This report sets out the findings from the research and presents reflections on the implications of the findings for any future community hydrogen heating trials.<br/>The literature review was a short focused review aimed at identifying evidence relevant to members of the public being asked to take part in a hypothetical community trial. Based primarily on Quick Scoping Review principles the review involved the analysis of evidence from 26 items of literature. The four focus groups were held in-person in two city locations Manchester and Birmingham in November 2019. They involved consumers who either owned or rented houses (i.e. not flats) connected to the gas grid. Two of the focus groups involved owner-occupiers one was with private landlords and the other was with a mixture of tenants (private social and student).<br/>This report was produced in October 2019 and published in December 2020.
Report on Socio-economic Impact of the FCH -JU Activities
Feb 2016
Publication
The FCH JU has with its industry and research partners worked since 2008 to develop and demonstrate FCH technologies along with development of the various business and environmental cases. It has involved a programme of increasingly ambitious demonstrations projects a consistent approach to research and development actions and a long term policy commitment. Developing the business and environmental cases for FCH technologies has created an increasingly compelling vision appealing to a range of stakeholders: to FCH technology businesses themselves assured by the long term commitment of the FCH JU to end users in terms of cost and operational performance potential and as critically to increasing numbers of policy and decision makers attracted by the substantial socio-economic benefits.
Opportunities for Hydrogen Energy Technologies Considering the National Energy & Climate Plans
Aug 2020
Publication
The study analyses the role of hydrogen in the National Energy and Climate Plans (NECPs) and identifies and highlights opportunities for hydrogen technologies to contribute to effective and efficient achievement of the 2030 climate and energy targets of the EU and its Member States.<br/>The study focuses on the potential and opportunities of renewable hydrogen produced by electrolysers using renewable electricity and of low-carbon hydrogen produced by steam methane reforming combined with CCS. The opportunities for and impacts of hydrogen deployment are assessed and summarised in individual fiches per Member State.<br/>The study analyses to what extent policy measures and industrial initiatives are already being taken to facilitate large-scale implementation of hydrogen in the current and the next decades. The study concludes by determining the CO2 reduction potential beyond what is foreseen in the NECPs through hydrogen energy technologies estimating the reduction of fossil fuel imports and reliance the prospective cost and the value added and jobs created. National teams working on decarbonisation roadmaps and updates of the NECPs are welcome to consider the opportunities and benefits of hydrogen deployment identified in this study.
Enabling Efficient Networks For Low Carbon Futures: Options for Governance and Regulation
Sep 2015
Publication
This report summarises key themes emerging from the Energy Technologies Institute’s (ETI) project ‘Enabling efficient networks for low carbon futures’. The project aimed to explore the options for reforming the governance and regulatory arrangements to enable major changes to and investment in the UK’s energy network infrastructures. ETI commissioned four expert perspectives on the challenges and options facing the UK.
Recovery Through Reform: Assessing the climate compatibility of Canada’s COVID-19 response in 2020
Feb 2021
Publication
Governments around the world are leveraging unprecedented amounts of capital to respond to the pandemic and bailing out struggling industries. Trends in energy-related spending indicate that despite the green push the world’s largest economies have still favoured fossil energy over clean energy.<br/><br/>We evaluate energy-related spending in Canada in 2020 (since the onset of COVID-19) using data from the Energy Policy Tracker. Trends in Canada are then compared to flagship policies in key jurisdictions with recent progressive climate policy announcements including France Germany and the United Kingdom. The brief ends with broad recommendations on how Canada can better align its recovery funding with climate action and fossil fuel subsidy reform.<br/><br/>This brief is one of three International Institute for Sustainable Development (IISD) policy briefs in its Recovery Through Reform series which assesses how efforts to achieve a green recovery from COVID-19 in Canada rely on—and can contribute to—fossil fuel subsidy reform.
Transition of Future Energy System Infrastructure; through Power-to-Gas Pathways
Jul 2016
Publication
Power-to-gas is a promising option for storing interment renewables nuclear baseload power and distributed energy and it is a novel concept for the transition to increased renewable content of current fuels with an ultimate goal of transition to a sustainable low-carbon future energy system that interconnects power transportation sectors and thermal energy demand all together. The aim of this paper is to introduce different Power-to-gas “pathways” including Power to Hydrogen Power to Natural Gas End-users Power to Renewable Content in Petroleum Fuel Power to Power Seasonal Energy Storage to Electricity Power to Zero Emission Transportation Power to Seasonal Storage for Transportation Power to Micro grid Power to Renewable Natural Gas (RNG) to Pipeline (“Methanation”) and Power to Renewable Natural Gas (RNG) to Seasonal Storage. In order to compare the different pathways the review of key technologies of Power-to-gas systems are studied and the qualitative efficiency and benefits of each pathway is investigated from the technical points of view. Moreover different Power-to-gas pathways are discussed as an energy policy option that can be implemented to transition towards a lower carbon economy for Ontario’s energy systems
Gas Goes Green: Britain's Hydrogen Network Plan Report
Jan 2021
Publication
Britain stands on the cusp of a world-leading hydrogen revolution and one which we are almost uniquely positioned to take advantage of. With an extensive world-leading gas grid huge amounts of offshore wind resource and liquid energy markets there are few other places as well positioned as the UK to lead the international race to build a hydrogen economy. Published as part of Energy Networks Association’s Gas Goes Green programme Britain’s Hydrogen Network Plan will play a vital role in delivering the UK’s ambitions for hydrogen as set out in the Prime Minister’s Ten Point Plan For A Green Industrial Revolution.<br/>This Plan sets out how Britain’s gas network companies will enable 100% hydrogen to be transported for use in different sectors of the UK economy. It also identifies the wider actions needed to provide hydrogen production and storage showing how transitioning the gas networks to hydrogen will allow hydrogen to play a full role in achieving net zero in the hard to decarbonise sectors such as industry heavy transport and domestic heating saving an estimated 40 million tonnes of CO2 emissions every year. All five of Britain’s gas network companies responsible for owning and operating £24bn of critical national energy infrastructure are committing through this Plan to delivering this work. It forms a key part of their ambition to building the world’s first zero carbon gas grid here in the UK.<br/>Britain’s Hydrogen Network Plan is founded on four tenets that will underpin the role of Britain’s gas network infrastructure in a hydrogen economy. These tenets reflect the breadth and scale of the impact that the transformation of our gas networks will have. They will guide how gas network companies ensure people’s safety in a fast moving and changing energy system. They reflect how the companies will maintain security of supply to our homes and businesses as we move away from the natural gas that has been the bedrock of our energy system for half a century. They will support the public’s ability to choose the right technology so households and businesses can choose the low carbon technologies that are best suited to their needs. And they will deliver jobs and investment so the transition of our gas networks has a lasting and enduring economic impact in communities across the country.<br/>As we look to the future the exciting role that hydrogen has to play in delivering a net zero economy is becoming increasingly clear. We look forward to working closely with the customers we serve the Government and the wider energy industry to turn that ambition into reality.
Trends in Investments, Jobs and Turnover in the Fuel Cells and Hydrogen Sector
Mar 2013
Publication
The Fuel Cells and Hydrogen Joint Undertaking (FCH JU) commissioned this report to a consultancy to get a better understanding of the past and future evolution of the European Fuel Cell and Hydrogen (FC&H) sector and the role that public support has in that evolution.
The results of this report are based on three data sources:
The results of this report are based on three data sources:
- Survey results: A survey was sent out to 458 companies that are liaised to the FCH JU. 154 people responded. (see list in annex)
- Desk research: A wide range of industry reports was consulted to supplement and cross check the results of the survey. However given the still nascent state of the industry the information gathered with this exercise was limited.
- Interviews: Key stakeholders in the European FC&H sector were interviewed to get the qualitative story behind the results from the survey and the desk research. These stakeholders varied from fuel cell manufacturers to government officials from energy companies to automotive OEMs
Methane Cracking as a Bridge Technology to the Hydrogen Economy
Nov 2016
Publication
Shifting the fossil fuel dominated energy system to a sustainable hydrogen economy could mitigate climate change through reduction of greenhouse gas emissions. Because it is estimated that fossil fuels will remain a significant part of our energy system until mid-century bridge technologies which use fossil fuels in an environmentally cleaner way offer an opportunity to reduce the warming impact of continued fossil fuel utilization. Methane cracking is a potential bridge technology during the transition to a sustainable hydrogen economy since it produces hydrogen with zero emissions of carbon dioxide. However methane feedstock obtained from natural gas releases fugitive emissions of methane a potent greenhouse gas that may offset methane cracking benefits. In this work a model exploring the impact of methane cracking implementation in a hydrogen economy is presented and the impact on global emissions of carbon dioxide and methane is explored. The results indicate that the hydrogen economy has the potential to reduce global carbon dioxide equivalent emissions between 0 and 27% when methane leakage from natural gas is relatively low methane cracking is employed to produce hydrogen and a hydrogen fuel cell is applied. This wide range is a result of differences between the scenarios and the CH4 leakage rates used in the scenarios. On the other hand when methane leakage from natural gas is relatively high methane steam reforming is employed to produce hydrogen and an internal combustion engine is applied the hydrogen economy leads to a net increase in global carbon dioxide equivalent emissions between 19 and 27%.
Scotland’s Energy Strategy Position Statement
Mar 2021
Publication
This policy statement provides:
An overview of our key priorities for the short to medium-term and then moves on to look at how we have continued to abide by the three key principles set out in Scotland's Energy Strategy published in 2017 in our policy design and delivery. Those principles are:
Separate sections have been included on Maximising Scotland's International Potential in the lead up to the UN Framework Convention on Climate Change Conference of the Parties (COP26) and on Consumers to reflect the challenging economic climate we currently face and to highlight the action being taken by the Scottish Government to ensure the cost of our energy transition does not fall unequally.
This statement provides an overview of our approach to supporting the energy sector in the lead up to COP26 and as we embark on a green economic recovery from the COVID-19 pandemic. It summarises how our recent policy publications such as our Hydrogen Policy Statement Local Energy Policy Statement and Offshore Wind Policy Statement collectively support the delivery of the Climate Change Plan update along with the future findings from our currently live consultations including our draft Heat in Buildings Strategy our Call for Evidence on the future development of the Low Carbon Infrastructure Transition Programme (LCITP) and our consultation on Scottish skills requirements for energy efficiency.
While this statement sets out our comprehensive programme of work across the energy sector the current Energy Strategy (2017) remains in place until any further Energy Strategy refresh is adopted by Ministers. It is at the stage of refreshing Scotland's Energy Strategy where we will embark on a series of stakeholder engagements and carry out the relevant impact assessments to inform our thinking on future policy development.
An overview of our key priorities for the short to medium-term and then moves on to look at how we have continued to abide by the three key principles set out in Scotland's Energy Strategy published in 2017 in our policy design and delivery. Those principles are:
- a whole-system view;
- an inclusive energy transition; and
- a smarter local energy model.
- Skills and Jobs;
- Supporting Local Communities:
- Investment; and
- Innovation
Separate sections have been included on Maximising Scotland's International Potential in the lead up to the UN Framework Convention on Climate Change Conference of the Parties (COP26) and on Consumers to reflect the challenging economic climate we currently face and to highlight the action being taken by the Scottish Government to ensure the cost of our energy transition does not fall unequally.
This statement provides an overview of our approach to supporting the energy sector in the lead up to COP26 and as we embark on a green economic recovery from the COVID-19 pandemic. It summarises how our recent policy publications such as our Hydrogen Policy Statement Local Energy Policy Statement and Offshore Wind Policy Statement collectively support the delivery of the Climate Change Plan update along with the future findings from our currently live consultations including our draft Heat in Buildings Strategy our Call for Evidence on the future development of the Low Carbon Infrastructure Transition Programme (LCITP) and our consultation on Scottish skills requirements for energy efficiency.
While this statement sets out our comprehensive programme of work across the energy sector the current Energy Strategy (2017) remains in place until any further Energy Strategy refresh is adopted by Ministers. It is at the stage of refreshing Scotland's Energy Strategy where we will embark on a series of stakeholder engagements and carry out the relevant impact assessments to inform our thinking on future policy development.
Energy Innovation Needs Assessment: Overview
Nov 2019
Publication
This project provides evidence to identify the key innovation needs across the UK’s energy system to inform the prioritisation of public sector investment in low-carbon innovation including any future phases of the Department for Business Energy & Industrial Strategy (BEIS) Energy Innovation1 Programme. The BEIS Energy Innovation Programme aims to accelerate the commercialisation of innovative clean energy technologies and processes into the 2020s and 2030s. The current Programme with a budget of £505 million from 2015-2021 consists of six themes and invests in smart systems industry & CCS (Carbon Capture and Storage) the built environment nuclear renewables and support for energy entrepreneurs and green financing.
Vivid Economics was contracted to lead a consortium with technical expertise in each of the Energy Innovation Needs Assessment (EINA) priority areas. The programme relied on evidence from a programme of workshops with over 180 participants energy system modelling and detailed technical advice. Partners include the Carbon Trust E4tech Imperial College London and Fraser-Nash. The Energy Systems Catapult (ESC) provided analytical evidence using their Energy System Modelling Environment (ESME) to support an early pre-screening of technologies.
Innovations have been prioritised where there is a strong case for UK Government investment. The prioritisation in this report is based on evidence of the potential benefits to the UK via a lower cost energy system and larger export markets. We also consider whether there is a need for UK Government intervention in addition to private and international efforts.
A distinctive feature of this project is its focus on innovation that benefits the whole energy system. Internationally there are other efforts attempting to answer the question of where to target resources to maximise benefits from innovation2. In selecting priorities we identify innovations that can unlock value across electricity heat transport sectors and the rest of the economy.
Vivid Economics was contracted to lead a consortium with technical expertise in each of the Energy Innovation Needs Assessment (EINA) priority areas. The programme relied on evidence from a programme of workshops with over 180 participants energy system modelling and detailed technical advice. Partners include the Carbon Trust E4tech Imperial College London and Fraser-Nash. The Energy Systems Catapult (ESC) provided analytical evidence using their Energy System Modelling Environment (ESME) to support an early pre-screening of technologies.
Innovations have been prioritised where there is a strong case for UK Government investment. The prioritisation in this report is based on evidence of the potential benefits to the UK via a lower cost energy system and larger export markets. We also consider whether there is a need for UK Government intervention in addition to private and international efforts.
A distinctive feature of this project is its focus on innovation that benefits the whole energy system. Internationally there are other efforts attempting to answer the question of where to target resources to maximise benefits from innovation2. In selecting priorities we identify innovations that can unlock value across electricity heat transport sectors and the rest of the economy.
2020 It's Time To Get Real
Mar 2020
Publication
Gi Editor Sharon Baker-Hallam sits down with Chris Stark CEO of the Committee on Climate Change to talk about this year’s Sir Denis Rooke Memorial Lecture the economic opportunities to be found in going green and why 2020 is a critical year in the ongoing battle against rising global temperatures
The Path to Carbon Neutrality in China: A Paradigm Shift in Fossil Resource Utilization
Jan 2022
Publication
The Paris Agreement has set the goal of carbon neutrality to cope with global climate change. China has pledged to achieve carbon neutrality by 2060 which will strategically change everything in our society. As the main source of carbon emissions the consumption of fossil energy is the most profoundly affected by carbon neutrality. This work presents an analysis of how China can achieve its goal of carbon neutrality based on its status of fossil energy utilization. The significance of transforming fossils from energy to resource utilization in the future is addressed while the development direction and key technologies are discussed.
Business Energy and Industrial Strategy Committee Inquiry into Decarbonising Heat in Homes
Dec 2020
Publication
The Hydrogen Taskforce welcomes the opportunity to submit evidence to the Business Energy and Industrial Strategy Committee’s inquiry into decarbonising heat in homes. It is the Taskforce’s view that:
In March 2020 the Taskforce has defined a set of policy recommendations for Government which are designed to ensure that hydrogen can scale to meet the future demands of a net zero energy system: • Development of a cross departmental UK Hydrogen Strategy within UK Government;• Commit £1bn of capex funding over the next spending review period to hydrogen production storage and distribution projects;• Develop a financial support scheme for the production of hydrogen in blending industry power and transport.• Amend Gas Safety Management Regulations (GSMR) to enable hydrogen blending and take the next steps towards 100% hydrogen heating through supporting public trials and mandating 100% hydrogen-ready boilers by 2025; and• Commit to the support of 100 Hydrogen Refuelling Stations (HRS) by 2025 to support the rollout of hydrogen transport.
You can download the whole document from the Hydrogen Taskforce website here
- Decarbonising heat is one of the biggest challenges that the UK faces in meeting Net Zero and several solutions will be required;
- Hydrogen can play a valuable role in reducing the cost of decarbonising heat. Its high energy density enables it to be stored cost effectively at scale providing system resilience;
- Hydrogen heating can be implemented at minimal disruption to the consumer;
- The UK holds world-class advantages in hydrogen production distribution and application; and
- Other economies are moving ahead in the development of this sector and the UK must respond.
In March 2020 the Taskforce has defined a set of policy recommendations for Government which are designed to ensure that hydrogen can scale to meet the future demands of a net zero energy system: • Development of a cross departmental UK Hydrogen Strategy within UK Government;• Commit £1bn of capex funding over the next spending review period to hydrogen production storage and distribution projects;• Develop a financial support scheme for the production of hydrogen in blending industry power and transport.• Amend Gas Safety Management Regulations (GSMR) to enable hydrogen blending and take the next steps towards 100% hydrogen heating through supporting public trials and mandating 100% hydrogen-ready boilers by 2025; and• Commit to the support of 100 Hydrogen Refuelling Stations (HRS) by 2025 to support the rollout of hydrogen transport.
You can download the whole document from the Hydrogen Taskforce website here
Establishing a Regional Hydrogen Economy: Accelerating the Carbon Transition in South Yorkshire, UK
May 2019
Publication
The establishment of a strong hydrogen economy nationally and locally is a very real opportunity and one that is rapidly becoming within reach.<br/>This report presents a vision for the role that hydrogen could play specifically in South Yorkshire (UK) to help meet carbon reduction targets and contribute to the health and economic prosperity of the region.<br/>It also highlights five themes as levers of growth and explores potential actions and collaborations as well as a list of ambitions for future hydrogen projects. Hydrogen can be used in transport industry and heating. Synergies need exploring for example the by-product of oxygen from hydrogen production can be used by industry. Aggregating opportunities is important in developing a hydrogen economy.<br/>The report concludes with a call to action to build momentum for the South Yorkshire hydrogen economy and accelerate the drive to net zero emissions particularly in the most challenging sectors.<br/>This South Yorkshire specific report supports our global thought piece Establishing a Hydrogen Economy: The future of energy 2035
The Decarbonisation of Heat
Mar 2020
Publication
This paper proposes that whilst the exact pathway to decarbonising heat in the UK is not yet clear there are a range of actions that could be taken in the next ten years to shift heat onto the right route to meet our 2050 net zero obligation. We already possess many of the skills and technologies required but there are a number of significant barriers preventing a spontaneous movement towards low carbon heat on the scale required – a starting impulse is needed.<br/><br/>Energy efficiency and low carbon heating have the potential to radically improve the quality of life of not just the poorest in our society but all residents of the United Kingdom. With the right approach the decarbonisation of heat can improve health outcomes for millions create new jobs in manufacturing and construction reduce air pollution in our cities and reduce the burden on our health service. This in addition to leading the world in mitigating the climate emergency.
Clean Hydrogen Monitor
Oct 2020
Publication
It’s the first of its kind overview showing the state of play with regards to hydrogen technologies in Europe. On an annual basis there will be an update serving as a basis for your investment or political decisions.<br/><br/>OUR MISSION IS – NO EMISSION!<br/>From day 1 Hydrogen Europe promoted clean hydrogen and clean hydrogen technologies as enablers of a decarbonised energy system. We strongly support the adoption of very ambitious climate targets for 2030 and the objective of carbon neutrality in the EU by 2050. Clean hydrogen can help to realise this transition of our energy system in multiple sectors from energy production storage and distribution to end-uses in transport industry heating and others.<br/><br/>CLEAN HYDROGEN TECHNOLOGIES CAN AND WILL REPLACE<br/>not just fossil-based hydrogen in current (industrial) uses but also other fossil-based energies such as petrol diesel and hydrocarbon fuels in the transport sector coal /coke in the steel sector natural gas in the heating sector and other polluting and emitting fuels and feedstocks. <br/><br/>WE ARE TALKING ABOUT A SYSTEMIC CHANGE.<br/>The use of clean hydrogen needs adaptations in production schemes in the infrastructure and in the deployment of hydrogen by the end users. This cannot – of course –be done in a day. Yet we should not wait for the implementation of the different hydrogen strategies on private municipal regional national or European level until other geographies worldwide race ahead.<br/><br/>
Post COVID-19 and the Hydrogen Sector - A Hydrogen Europe Analysis
May 2020
Publication
Following the unprecedented Covid-19 outbreak currently unfolding Hydrogen Europe is publishing its latest paper: "Post COVID-19 and the Hydrogen Sector - A Hydrogen Europe Analysis"<br/><br/>On the long-term climate and environmental challenges remain the major threat to our planet and to humanity as a whole. The economic crisis following the Covid-19 pandemic may cause a significant delay to the adoption and commercial roll-out of clean hydrogen. It may even permanently endanger the capacity of the clean hydrogen sector to take-up its role as the missing link in the energy transition.<br/><br/>A swift decisive and coordinated action is necessary to address the risks and at least dampen the negative impact that they may have on the deployment of clean hydrogen technologies and on our transition to a net carbon yet powerful and wealthy economy.<br/><br/>Our document outlines the need for and rationale behind rapid action as a result of the Covid-19 impact. Please find here below a short summary of what you will find in it:<br/><br/>Is there a need to take action? – describing why the current pandemic will result in significantly jeopardising the hydrogen sector if no action is taken.<br/><br/>Why should action be taken? – underlining the importance of the hydrogen sector to EU’s decarbonisation efforts as well as its long-term potential to support sustainable economic growth of the EU. <br/><br/>What can be done? – outlining several potential options for supporting the industry starting from most obvious monetary support but including also no less important policy actions that can be taken to restore investors’ confidence.<br/><br/>How much will it cost? – containing an estimation of the value of the monetary support needed in order to retain the high skilled workforce and the sector’s investment portfolio followed by an estimation of what will be the impact of the action.
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