G7: Germany – Green economy needs a green hydrogen kommuniqué
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G7: Germany – Green economy needs a green hydrogen kommuniqué

In May, the Group of Seven (G7) agreed to step up efforts to advance commercial scale hydrogen from low carbon and renewable sources across its economies, including support for fuel cell deployment globally. Following this news, and in the run up to the G7 Leaders’ Summit this weekend (Friday June 11 – Sunday June 13) in Cornwall, UK (pictured above), H2 View is bringing you a series of thought leadership articles written by the hydrogen associations in the G7 countries. First up is Germany.

In view of the enormous environmental challenges for the economies of the G7 countries, it is necessary to exchange and jointly agree on solutions for the development of a global hydrogen economy, as in the 1970s (first oil crisis and collapse of the fixed exchange rate system). Only with an internationally coordinated renewable hydrogen economic policy will the G7 economies be able to maintain the climate goals in harmony with stable socially just economic systems.

Green hydrogen – indispensable for a secure energy supply

Green hydrogen, produced with renewable energies, is the energy carrier of the 21st century and the guarantor of an emission-free, secure, and economical global energy system. To meet the Paris climate targets by 2050 (Europe 2045) and for the active defossilisation of the global economy, the establishment of a global value chain for green hydrogen is essential. To achieve this goal, it is important to form alliances through international energy partnerships and to create national and international regulatory frameworks now.

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