Europe has great decarbonisation potential with renewable gases and hydrogen. But unless strong regulatory measures are put in place, these won’t have sufficient access to the market, thereby putting the EU’s decarbonisation objectives at risk.
That’s according to experts from the Centre on Regulation in Europe (CERRE) in a newly published report which explores the economic outlook for renewable gases and hydrogen.
Looking at the market potential of biomethane and hydrogen in the EU, the study highlights that the current production cost for both ranges from two to five times the current price of natural gas in the wholesale market.
“Despite massive production potential in Europe, it is very unlikely that renewable gases and hydrogen will properly work their way through the market unless adequate support is put in place,” explain the authors of the study.
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