The International Energy Agency (IEA) has urged Germany to accelerate demand creation for hydrogen through targeted measures such as hydrogen-specific Carbon Contracts for Difference (CCfDs) to stimulate final investment decisions (FID).
Germany is targeting a 65% reduction in greenhouse gas emissions by 2030 and climate neutrality by 2045. The IEA has claimed that clarity on hydrogen’s role in this transition will prevent the misallocation of resources, avoid stranded assets and ensure that hydrogen is utilised effectively.
The nation should prioritise demand creation, particularly in industrial sectors with no viable decarbonisation alternatives, such as the steel and chemicals sectors.
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