EU new Budgeting and Hydrogen

The EU is launching its most ambitious investment cycle yet and hydrogen can be a

key contributor for Europe’s decarbonisation and resilience. 

Between the €234.3 billion European Competitiveness Fund ECF, the €175 billion Framework Programme 10 FP10 for research and innovation, and a reinforced €100 billion

Connecting Europe Facility CEF for infrastructure, the EU has the tools to make hydrogen a cornerstone of its clean and competitive future.

In addition EUETS (~€9.6 billion/year) andCBAM revenues (~€1.4 billion/year) are also increased to boost theInnovationFund andDecarbonisationBank instruments, strengthening the efforts to reduce emissions.

But to get there, we need more than eligibility, we need alignment:

Key features of the new MFF in general :  

• More flexibility across the budget, so Europe has the capacity to act – and react – fast when circumstances change unexpectedly or when new policy priorities need to be addressed;  

• Simpler, more streamlined and harmonised EU financial programmes, so that citizens and companies can easily find and access funding opportunities;

• A budget tailored to local needs, with National and Regional Partnership Plans for investments and reforms, for targeted impact where it matters most and ensuring a faster and more flexible support for more economic, social and territorial cohesion across our Union;  

• A powerful competitiveness boost, for Europe to secure supply chains, scale-up innovation and lead the global race for clean and smart technology; 

• A balancedpackage of new own resources that ensures adequate revenues for our priorities while minimising pressure on national public finances. 

The sum up is that EU is not trying to stay on track in the path of sustainability, but further more might try to overcome the challenges of World uncertainty, in a not way Doing Business as usual.