On 16 June, the Senior Vice President and Head of Energy and Climate at FleishmanHillard Brussels, Máximo Miccinilli, participated in a panel discussion at the Financial Times Hydrogen Summit in London. The summit took place in London, gathering business and political leaders to discuss the role of hydrogen in the current political environment marked by high fossil fuel prices and Russian aggression.
Both Máximo as well as our senior advisor, Roland Verstappen, travelled to London to share their expertise on the EU perspective on hydrogen, in the context of the Russian invasion of Ukraine and the ongoing energy crisis. Máximo participated in the panel on “Repowering the EU” together with Jeroen Kies, Head of Project Finance Benelux and Nordics from SMBC and Julien Rolland, Head of Power and Renewables at Trafigura. The panel was moderated by Neil Hume, Natural Resources Editor at the FT.
In its REPower EU Strategy, published on 18 May, the EU aims to fully end its dependence on Russian gas by 2027 and by at least two-thirds before the end of 2022. Hydrogen will play an important role in helping to decarbonize heavy industry, as well as heavy-duty transport. Therefore, the EU aims to annually produce 10 million tons of green hydrogen and import 10 million tons from 2030 onwards. Máximo called for more political integration on hydrogen to make this massive project a reality. Without coordinated investment in infrastructure to produce and transport hydrogen and a robust regulatory framework to support green hydrogen, both the EU’s energy security and climate goals will be threatened.
The Financial Times Hydrogen Summit was a great opportunity for FleishmanHillard to demonstrate its expertise in energy and climate policies as well as our ability to draw connections with the larger geopolitical developments. We would like to thank the Financial Times team for organizing this great event and inviting us to be a part of it.
If you are interested in learning more about the EU’s national developments on hydrogen, you can find our most recent hydrogen report here.
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