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To further increase European objectives for renewable hydrogen, the European Commission complemented the adoption of the EU hydrogen strategy with the release of the REPowerEU plan in May 2022. By 2030, the EU aims to import 10 million tons and create 10 million tons of renewable hydrogen. These initiatives are intended to accelerate the adoption of renewable hydrogen, ammonia, and other derivatives in energy-intensive industrial processes and hard-to- decarbonise industries.

Several strategic directions should be considered for hydrogen economy development in Europe. These include technology development, local conditions, financing, and regulatory needs, all of which are addressed in the Hydrogen and Decarbonised Gas Markets Package and Net Zero Industry Act.

The creation of a European Hydrogen Bank could be an effective solution to finance hydrogen projects and infrastructure. However, legal and economic aspects of hydrogen investments must be considered, including the need for supportive policies.

To harness the potential of hydrogen in various branches of the economy, a cross-sectoral approach is necessary, including its use in transportation, heating, and industry. This will require collaboration between different industries and governments to create a cohesive strategy for the development of the hydrogen economy.

Join this EURACTIV roundtable event to discuss the potential of hydrogen in various branches of the EU economy. Questions to be discussed include:

- What are the key strategic directions that need to be taken to accelerate the development of the hydrogen economy in Europe, and how can the European Hydrogen Bank effectively contribute to this process?

- How do legal and economic aspects of hydrogen investments play a role in this development? And how can the current energy crisis be seen as an opportunity to increase the adoption of hydrogen?

- How can a cross-sectoral approach be utilised to leverage the potential of hydrogen in various branches of the economy?

Please note that this is a round table event and will be in-person only.

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