The tidal wave of invention, innovation, investment and intention in the hydrogen world is absolutely thrilling to be a part of, as we as an industry work together on our goals to combat climate change, provide sustainable energy to business and communities, and to foster economic growth in the developing world.
However, there is one area that requires attention and vigilance, and that is hydrogen regulation. Now, nothing is more certain to make people’s eyes glaze over than to start talking about rules and regulations. And politicians rarely get elected by promising more regulation on business. It is much more exciting to cut a ribbon on a new factory.
Nevertheless, at this stage of our history, when we are dealing with global challenges and global opportunities, it is important that we construct a regulatory framework for the hydrogen sector that is as transparent and transportable as possible. This will allow the efficient and timely migration of innovation and capital across borders. We also need a global regulatory regime to manage risk – you can’t insure what you can’t regulate.
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