The recent report coordinated by Mario Draghi, "The future of European competitiveness" contains an in-depth analysis and sound conclusion on the state of European Competitiveness It highlights an uncomfortable truth: Traditional, fossil based energy intensive industries in Europe are structurally noncompetitive. It calls for significant investment and policy action to accelerate the energy transition as a tool for strengthening and saving Europe's industrial base. The report highlights that due to structurally higher prices for energy in the EU, driven by Europe’s lack of natural resources European Industry is falling behind in global competitiveness. In calls for action on multiple levels, across multiple industries to accelerate EU's energy transition, as a European Industrial Policy. The Federation of German Industries (BDI) issued their own report, which reached very similar conclusions. (available here: https://lnkd.in/eeH9vp4d) Hy Legal (SRL) is supporting businesses active in the #hydrogen sector adapt to the regulatory environment and implement their own decarbonisation strategies through the use of renewable and low-carbon hydrogen. EU report (the future of European competitiveness) can be found here: https://lnkd.in/eeKtfrHB
Hy Legal (SRL)
Legal Services
Consulting services for the development of the Clean Hydrogen sector in Europe
About us
Hy Legal is a specialised advisory practice, working on providing development assistance in support of developing, sustainable and financially viable projects in the Clean Hydrogen Sector. It provides expertise on the managing of the energy transition to a net-zero-carbon future and the strategic opportunities that come with the implementation of the EU Green Deal . Hy Legal is particularly focused on matters related to sustainable finance as well as policy, regulatory and administrative compliance associated with the Clean Hydrogen Sector In particular, it provides expertise in relation to: 1. EU Taxonomy for Sustainable Finance, 2. Renewable Energy Directive 3. Emissions Trading System (ETS) 4. CO2 Emission standards 5. Hydrogen and Decarbonisation of Gas package 6. Hydrogen Certification and guarantees of origin 7. Energy taxation 8. Power Purchase Agreements and alignment with EU rules on additionality, temporal and geographical correlation 9. And other energy and finance related topics associated with Clean Hydrogen
- Industry
- Legal Services
- Company size
- 1 employee
- Headquarters
- Bruxelles
- Type
- Privately Held
- Founded
- 2022
- Specialties
- Hydrogen, Energy, Energy Law, EU Regulation, Project Development, Renewable Energy, Gas Package, ESG, Taxonomy, and Sustainable Finance
Locations
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Primary
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Bruxelles, 1000, BE
Employees at Hy Legal (SRL)
Updates
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The first ever EU-wide auction for renewable #hydrogen awarded €720 million to seven renewable hydrogen projects The clearing price was 0,48 EUR / kg H2 Based on inforamtion provided by the European Commission, 1. Lowest average #LCOH is in Greece, Sweden and Spain (between 5.3 and 5.8 EUR / Kg) 2. Highest average #LCOH are in Poland, France, Austria, Germany, Denmark (wow?) and Belgium (from 13.5 to 11 EUR / Kg) 3. The average #offtake price for H2 was 5.67 EUR / Kg in industry and 8.34 EUR / Kg in Mobility. https://lnkd.in/dEuTQ_ms
Press corner
ec.europa.eu