Climate Action’s Post

𝗖𝗮𝗽𝗶𝘁𝗮𝗹𝗶𝘀𝗲 𝗼𝗻 𝗖𝗢𝗣𝟮𝟴 𝘁𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀 𝗮𝘁 𝘁𝗵𝗲 𝘂𝗽𝗰𝗼𝗺𝗶𝗻𝗴 𝗪𝗼𝗿𝗹𝗱 𝗛𝘆𝗱𝗿𝗼𝗴𝗲𝗻 𝗠𝗘𝗡𝗔 𝗖𝗼𝗻𝗴𝗿𝗲𝘀𝘀 𝟮𝟬𝟮𝟰, 𝗗𝘂𝗯𝗮𝗶 The COP28 climate summit approved a deal this week that, for the first time, pushes nations to transition away from fossil fuels to avert the worst effects of climate change. As the vast and somewhat polarising event has drawn to a close, there have been significant announcements to drive forward green hydrogen development, including a set of flagship initiatives launched to accelerate the commercialisation of hydrogen and to keep the 1.5 degree target within reach. These include the Intergovernmental Declaration of Intent on Mutual Recognition of Certification Schemes for Hydrogen and Hydrogen Derivatives which will cover over 80% of the future global market, and a public-private action statement on cross-border trade corridors in partnership with the International Hydrogen Trade Forum. Nadim Chaudhry, Chief Executive Officer at World Hydrogen Leaders, commented “I was fortunate enough to be invited to numerous events focusing on the energy transition and climate finance across COP, and what struck me throughout was the scale of the task at hand. Of the thousands of projects launched, most are in the 2-3 year process of trying to achieve FID, seeking bankable offtake agreements to cover the risk of early-stage green hydrogen supply. Project sponsors need to understand the market in detail, but without additional government support, such as CfD's and mandates, there is too much uncertainty for offtakers to sign long-term agreements, due to a lack of clarity of future prices and volumes.” Now that the dust has settled on COP28, the real work can begin. The upcoming World Hydrogen MENA Congress, taking place in Dubai on 26 - 29 February 2024, is the perfect platform to join action-orientated discussions on driving net zero strategies in the MENA region & beyond. Join 500+ senior decision makers from across the hydrogen value chain in Dubai for World Hydrogen MENA, 26 – 29 February 2024 You can view the entire speaker lineup and explore the agenda and exhibition floorplan in the event brochure here. As the region’s longest-standing hydrogen congress, World Hydrogen MENA is on a mission to create the leading deal-making platform, to accelerate the deployment of hydrogen projects, policy and connect international and local stakeholders Get involved with World Hydrogen MENA and get in touch with the team today! Book your pass before Friday 22 December to benefit from early bird rates, saving up to $1,000 – and don’t forget to bring your team along to cover all 5 content streams, by taking advantage of 3 for 2 offers! Book directly here. #WHMENA24 #WorldHydrogenMENA

Insights from the World Hydrogen Leaders Intelligence Report on Shifts in MENA's Hydrogen Sector in 2023

Global Hydrogen Economy Advancing: Coalition of 30 Countries Launches New Standards #COP28 in Dubai witnessed a pivotal moment as 30 countries joined forces to create a universal standard for hydrogen. The initiative targets not only the quality of hydrogen but also its sustainability properties. #HydrogenStandards #GlobalEnergy #ClimateChange Read more: https://lnkd.in/emUkUQhf

🌍 Insights from the World Hydrogen Leaders Intelligence Report on Shifts in MENA's Hydrogen Sector in 2023 📈 Investments soar, reaching $54 billion, marking a global stride in clean energy. Despite slow project starts, strategic moves toward infrastructure development show promise. 🌞 The region's potential as a low-carbon hydrogen powerhouse is clear, yet challenges in implementation and market conditions persist. 🚀 🔑 Some takeaways are COP28 announcements, green hydrogen production targets, policy frameworks, and infrastructure development initiatives. 🔍 Critical points: Mutual recognition of certification schemes, incentives for green hydrogen projects, and strategic collaborations. 🔥 💡 Let's dive into the future of clean energy and see how these insights shape our path to decarbonization. 📈 #HydrogenEconomy #CleanEnergy #Decarbonization #MENA #COP28 #HydrogenInvestments #ClimateAction #HydrogenRevolution

Alongside the vital climate benefits and cost-efficiency gains, a truly global #hydrogen economy can provide meaningful contributions to the UN Sustainable Development Goals (SDGs) both in emerging markets and in developed countries, fostering just transition, boosting sustainable growth, and providing clean jobs. Today’s event at #COP28 – Accelerating #SDGs, #diversity, #equity, and #inclusion in hydrogen – part of the COP28 Action Agenda on Hydrogen, put the spotlight on opportunities for unlocking SDG benefits of the hydrogen economy and addressing the questions around land and water use.

Working towards a just and #inclusive #hydrogeneconomy considering a broader spectrum of #ESGtopics will make a true #sustainable #transition

Avaada Group Teams Up with The Climate Action Group for Hydrogen Transition Summit during COP28 Avaada Group, a trailblazer in the integrated clean energy domain, has partnered with The Climate Group to co-host the anticipated 4th annual Hydrogen Transition Summit during the COP28 summit. Scheduled to take place on December 7, 2023, at Dubai’s Innovation Zone, this event aims to make significant strides within the hydrogen sector, coinciding with COP28’s discussions. The collaboration with the Hydrogen Transition Summit underscores Avaada Group’s staunch dedication to sustainable practices and innovative solutions. Embracing the potential of green hydrogen aligns with their commitment to driving initiatives propelling the hydrogen economy forward. This year’s Summit will center on addressing challenges, […] Read the full story here: https://lnkd.in/dJmKe_gE #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #avaadagroup #climateaction #cop28 #greenhydrogen #india

Shaping the Hydrogen Revolution Together at COP28 – the Netherlands and the UAE are co-chairs of the International Hydrogen Trade Forum   In the pursuit of a sustainable energy future, synchronizing efforts between the public and private sectors is paramount. We're on a mission to develop a comprehensive value chain for hydrogen as a leading energy source within the next decade. At the #COP28 Presidency’s High-Level Roundtable on Hydrogen, flagship initiatives have been launched to accelerate commercialization of hydrogen to keep the 1.5 degrees Celcius target within reach, including the Public-Private Action Statement on cross-border trade corridors in hydrogen.   ⚡️ The Netherlands is Accelerating Green Hydrogen Through International Collaboration. Join us at the World Hydrogen Summit in May 2024 in Rotterdam, where industry leaders, innovators, and visionaries will converge to shape the future of clean energy. It presents a unique chance to establish collaborations, exchange insights, and drive the advancement of the hydrogen revolution.   🌍 As we strive to become a primary importer and transit port for clean hydrogen within Europe, our commitment to investing in cutting-edge technologies is unwavering. Explore the forefront of Dutch hydrogen advancements here.🔗 https://bit.ly/47K85zI   🤝 Your participation is crucial for the success of our shared mission. Seize the opportunity to lead change, drive innovation, and make a lasting impact at the forefront of progress. Join us on this journey toward a greener, hydrogen-powered future!   💡 Ready to lead the hydrogen charge? RSVP Now! ➡️ https://bit.ly/419xcsV   #HydrogenRevolution #SustainableEnergy #NetherlandsInnovation #CollaborateForChange   

Some interesting details in here on H2 supply chain trends. Our data shows that 0.5% of hydrogen project capacity has so far reached Final Investment Decision. Another way of looking at this statistic is that 99.5% of the development capacity is not yet a full project - but still a desktop study/ planning activity.. There seems to be a human problem with organisations developing these kinds of projects: Either there’s an abundance of projects that don’t have sound business cases, or there’s some external reason they are being blocked from reaching FID, or they are just taking a long time to bring to maturity? Despite an abundance of high quality & impartial open data on which to base good decisions, making sound selections on projects remains a difficult thing for organisations to do..