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A sustainability and governance index for assessing the EU’s green hydrogen import options
The European Commission’s REPowerEU plan set the target of importing 10 million tonnes of ‘green’ hydrogen into the European Union (EU) by 2030. Against this backdrop, this paper sets out to assess a central question: which countries can be identified as suitable partners for European green hydrogen imports? Using Germany as a reference case, the article develops a quantitative sustainability and governance index (SGI), assessing five dimensions identified as central to ranking external partners: (i) the political will to scale up a green hydrogen sector; (ii) a country’s integration with the EU/Germany; (iii) its commitment to international engagement and climate targets and policies; (iv) environmental regulatory effectiveness; and, (v) its governance performance. With this, the SGI offers a novel way of thinking about potential EU green hydrogen partnerships. Rather than focusing on the geography of renewables or cost structures underpinning a country’s export potential, the present index captures the extent to which countries may be suitable for green hydrogen partnerships if judged by political and environmental factors. The empirical analysis suggests significant differences between a total of 113 assessed countries as per their overall index ranking, but also the individual dimensions composing the index. This allows drawing conclusions on the policy focus of potential partnerships, taking choices when facing trade-offs regarding individual dimensions, and prioritizing among the latter.
A sustainability and governance index for assessing the EU’s green hydrogen import options
The European Commission’s REPowerEU plan set the target of importing 10 million tonnes of ‘green’ hydrogen into the European Union (EU) by 2030. Against this backdrop, this paper sets out to assess a central question: which countries can be identified as suitable partners for European green hydrogen imports? Using Germany as a reference case, the article develops a quantitative sustainability and governance index (SGI), assessing five dimensions identified as central to ranking external partners: (i) the political will to scale up a green hydrogen sector; (ii) a country’s integration with the EU/Germany; (iii) its commitment to international engagement and climate targets and policies; (iv) environmental regulatory effectiveness; and, (v) its governance performance. With this, the SGI offers a novel way of thinking about potential EU green hydrogen partnerships. Rather than focusing on the geography of renewables or cost structures underpinning a country’s export potential, the present index captures the extent to which countries may be suitable for green hydrogen partnerships if judged by political and environmental factors. The empirical analysis suggests significant differences between a total of 113 assessed countries as per their overall index ranking, but also the individual dimensions composing the index. This allows drawing conclusions on the policy focus of potential partnerships, taking choices when facing trade-offs regarding individual dimensions, and prioritizing among the latter.
A sustainability and governance index for assessing the EU’s green hydrogen import options
Almudena Nunez (Autor:in) / Katherine Caro (Autor:in) / Andreas C Goldthau (Autor:in)
2024
Aufsatz (Zeitschrift)
Elektronische Ressource
Unbekannt
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