The GreenWave Podcast by Synergy International Episode 22: The Global Green Hydrogen Subsidy Race, Part I
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The GreenWave Podcast by Synergy International Episode 22: The Global Green Hydrogen Subsidy Race, Part I
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SYNI is taking you on a whirlwind tour through the global green hydrogen subsidy race. If that sounds like a mouthful, well, it's because the world is biting off quite a lot – pouring unprecedented funds into turning the lightest element in the universe into a heavyweight climate solution. Green hydrogen is touted as a game-changer for decarbonising heavy industries and storing renewable energy, but there's a catch: it's still significantly more expensive to produce than its polluting predecessors. The solution? Governments around the world opening their coffers with all the subtlety of a kid in a candy store. In this episode, we'll navigate the twists and turns of this international contest – from massive tax credits and grants to clever auctions and even a bit of geopolitical jockeying – all aimed at making green hydrogen commercially viable.