We\u2019ve all heard about the potential of \u201cgreen\u201d hydrogen \u2014 hydrogen produced from carbon-free sources \u2014 to help decarbonize the ways we use energy by making variable renewable power from wind and solar available on-demand. The European Union is counting on green hydrogen to meet its carbon reduction goals under the Paris Agreement.<\/p>\n
But the cost of green hydrogen is still considerably higher than the \u201cgray\u201d hydrogen made using fossil fuels, which currently dominates global hydrogen use. If truly carbon-free green hydrogen is going to reach price parity with its dirtier cousins, two things need to happen: production costs must fall, and some form of carbon pricing will need to increase the price of gray hydrogen, leveling the playing field.<\/p>\n
But what carbon price can serve this purpose, and how much will the cost of producing green hydrogen need to fall? And when do these repricings need to occur for Europe to achieve its carbon reduction goals under the Paris Agreement?<\/p>\n
Our guest in this episode, Mark Lewis, Head of Climate Change Investment Research at BNP Paribas Asset Management in Paris, shares his answers to these questions with us, using the European Emissions Trading System (ETS) as a basis.<\/p>\n
Also in this episode: We make several exciting announcements, including announcing that host Chris Nelder will now be working full time on the podcast!<\/p>\n","protected":false},"excerpt":{"rendered":"
What carbon price is needed for Europe\u2019s Emissions Trading System to make green hydrogen a viable part of meeting its goals under the Paris agreement? <\/p>\n","protected":false},"author":4,"featured_media":0,"menu_order":0,"comment_status":"closed","ping_status":"open","template":"","meta":{"_acf_changed":false,"footnotes":""},"categories":[111],"tags":[106,17,21,985,28,65,223,64,900,45],"class_list":["post-2856","xen_episodes","type-xen_episodes","status-publish","hentry","category-energy-transition-show-podcasts","tag-carbon-emissions","tag-china","tag-coal","tag-covid-19","tag-evs","tag-natural-gas","tag-oil","tag-solar","tag-texas","tag-wind","xen_guests-mark-lewis"],"acf":[],"yoast_head":"\n