Hydrogen energy4/16/2023 ![]() ![]() The Bank creates these funds to increase development support outside Europe and to give individual EU countries a way to meet their global investment goals. The hydrogen fund is part of a group of funds at the European Investment Bank known as trust funds. The new hydrogen fund will provide technical assistance to help countries integrate green hydrogen into their national climate plans and to identify hydrogen projects. Green hydrogen is seen by many people as key to the achievement of these goals. To achieve a carbon-neutral world by the middle of the century, as envisaged in the Paris Agreement, we must dramatically cut emissions. “Brown hydrogen” is made by burning coal to do the same work and accounts for more than 90% of global hydrogen production. “Green hydrogen” is created using electricity from renewable sources to split hydrogen from water. There are many different ways to make hydrogen, some good and some bad for the environment. “Green hydrogen can have positive implications, not only for climate, but also for other development goals.” The good and the bad “Green hydrogen is an option for the last mile of decarbonisation of sectors that are hard to abate,” Geppert says. Germany contributed €25 million to the fund, and more donations from other countries are welcome. The EU bank and GIZ will start using the fund in 2022 to help countries around the world use green hydrogen. In late 2021, Germany signed an agreement with the European Investment Bank to work as a team on a Green Hydrogen Trust Fund. Geppert is an energy transition specialist in the Paris office of GIZ, or Gesellschaft für Internationale Zusammenarbeit, the German agency in charge of development investment worldwide. Nowadays, it is becoming popular, but it was very niche a decade ago.” “I came across green hydrogen ten 10 years ago at university. “I was always interested in the diverse opportunities we have to transform our energy system and achieve sustainable livelihoods,” says Geppert, who leads an ambitious green hydrogen investment project for the German government. Isabel Geppert has had one professional goal for more than a decade: to cut carbon emissions from the energy sector and the wider economy as much as possible. ![]()
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