The Renewable Hydrogen Coalition, chaired by Ignacio Galán, meets with Frans Timmermans
Simplicity, scale and speed. These were the key messages at the meeting held by the Renewable Hydrogen Coalition, chaired by Ignacio Galán since its creation, with the Vice-President of the European Commission in charge of the European Green Pact, Frans Timmermans, to analyse how to make the European Union a more attractive area for investment and continue to maintain its leadership in the development of green hydrogen.
During the meeting, which took place in Brussels, the key role of financing and support to further promote a competitive renewable hydrogen industry in a strong European internal market was discussed. The Net Zero Industry Act and the EU Hydrogen Bank, two forthcoming support packages and funding mechanisms, were also discussed.
In addition, the coalition discussed various EU policy issues with Stina Soewarta, the Vice-President's Chief of Staff, and EU Competition Commissioner Margrethe Vestager.
The meetings took place the day after the European Commission set out its intentions on the Green Deal Industrial Plan. "The measures set out by the European Commission are a step in the right direction to strengthen Europe's commitment to decarbonisation. We agree with the European Commission on the need to speed up the approval of clean energy projects, increase skills and training and create new sustainable industries in Europe. The Commission and Member States must now act as quickly as possible to put in place clear and stable policies and regulations. Strengthening common principles and the internal market will be vital for Europe to continue to attract the massive investments needed to meet our energy and climate goals and create jobs," said Iberdrola's CEO.
The Renewable Hydrogen Coalition was established in 2021 and is made up of Europe's leading renewable hydrogen energy, technology and project development companies. The coalition argues that green hydrogen is a great opportunity to decarbonise sectors that cannot be electrified and to foster industrialisation and skilled employment in Europe. In addition, it argues that to accelerate the expansion of renewables, stable and predictable regulatory frameworks are needed.