Europe maps out green hydrogen vision on path to net-zero – ZAWYA

Europe maps out green hydrogen vision on path to net-zero – ZAWYA

Europe maps out green hydrogen vision on path to net-zero | ZAWYA MENA Edition HomeMarketsArticleEurope maps out green hydrogen vision on path to net-zero Transitional 'blue hydrogen' needed in near term    BRUSSELS- The European Commission on Wednesday mapped out its vision to promote renewable hydrogen, a sector expected to lure up to 470 billion euros ($530.72 billion) in investment as the European Union strives for net zero emissions by 2050.European industry already uses around 8 million tonnes of hydrogen annually, but most is so-called grey hydrogen, which is made from natural gas through a process that produces planet-warming emissions. The EU's priority is to develop carbon-neutral or green hydrogen for use from 2030-50 in sectors, such as the steel industry, that are hard to decarbonise, or where electrification is difficult or impossible.European industry already uses around 8 million tonnes of hydrogen annually, but most is so-called grey hydrogen, which is made from natural gas through a process that produces planet-warming emissions. BRUSSELS- The European Commission on Wednesday mapped out its vision to promote renewable hydrogen, a sector expected to lure up to 470 billion euros ($530.72 billion) in investment as the European Union strives for net zero emissions by 2050.The EU's