Germany must advance hydrogen CfD plans â advisory body
Long-term support seen as essential for investment planning as industry transitions to low carbon
German advisory body the National Hydrogen Council has called on the government to accelerate a pilot scheme for carbon contracts-for-difference (CCfDs) for industries switching to use green hydrogen and to broaden the scope of the scheme.
The council, set up by the government to assess the implementation of the National Hydrogen Strategy, includes senior figures from German firms Siemens, Uniper, Linde and ThyssenKrupp. âCCfDs are a key tool for balancing out higher operating costsâ National Hydrogen Council
CCfDs, which are included in Germanyâs National Hydrogen Strategy, bridge the difference between carbon prices and the cost of deploying clean hydrogen in industrial proc
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The already fragile national mood has turned decidedly more sour over the past few weeks as the country descended, yet again, into confidence-sapping load-shedding, tightened lockdown rules in response to the third Covid-19 wave and confirmed its worst-ever official unemployment figure of 32.6%. Adding to the despair are ongoing stories of nauseating corruption, which, like water torture, is now so mentally painful that it is driving even the most well-meaning of South Africans to thoughts of a tax revolt, or worse.