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Thursday, April 03, 2008
European Parliament's Green Hydrogen Economy By 2020
Image: courtesy of British Petroleum (www.bp.com)

Renewable Energy - EU Promotes Green Investment

From an investor's perspective, knowing the game plan helps to determine the investment strategy. For investments in Renewable Energy, there has been a clear commitment by the European Parliament to create the legislation to enable Europe to establish a green hydrogen economy and to lead a third industrial revolution focused on renewable energy.

Last year on May 21, 2007, 420 Members of the European Parliament voted in favour of a declaration that stated EU Institutions shall do the following by 2020:

  1. Pursue a 20% increase in energy efficiency.
  2. Reduce greenhouse gas emissions by 30% (compared to 1990).
  3. Produce 33% of electricity and 25% of overall energy from renewables.

The European Parliament also committed to establish a decentralised bottom-up hydrogen infrastructure by 2025 and to create the technology infrastructure for hydrogen fuel cell storage. Also by 2025, they declared that the electricity grid throughout Europe must be entirely a smart power grid that would allow citizens to both produce their own electricity (solar and wind generation) and share it with the grid in an open access arrangement much like the Internet is today.

The policy directives that have been put forward by the EU will increase the demand for sales of hardware and infrastructure for wind turbine and solar electricity generation and increase the demand for hydrogen gas, hydrogen infrastructure equipment and hydrogen fuel cells. This demand will also help to lower the unit cost of this technology making it more competitive with traditional sources of energy. The likelihood of a very good return on an equity investment in a wind turbine, solar voltaic, solar thermal, hydrogen fuel cell, or hydrogen producing company is excellent over the next ten years purely because of the 2020 and 2025 EU directives that support this.

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