The European Union (EU) has set a target to increase the consumption of hydrogen from renewable energies to 20 million tons (Mt) by 2030. To reach this goal, green hydrogen should be produced cost-effectively and in large volumes, with a focused view on near-term investment projects, early identification and mitigation of challenges and risks, and a clear regulatory framework, according to a new white paper from Hamburg Commercial Bank.

In its recently released white paper , Green Hydrogen: Is Tomorrow’s Energy Source Bankable? , Hamburg Commercial Bank delves into the prospects for green hydrogen projects and the challenges of financing them.