How to incentivize ‘green’ H2 production?
Currently, green hydrogen generation is more expensive than the production of hydrogen via fossil fuels in most places of the world . The experience with renewable energy sources as solar PV and wind power show that support policies play a crucial role in lowering the costs of nascent technologies. This paper aims to answer the question of how ‘green’ hydrogen production could best be incentivized and what tailored schemes could potentially accelerate the process of ‘green’ hydrogen turning into an economically feasible option? To answer the research question, the paper explores various support schemes and their effectiveness in encouraging innovation and cost reduction at various stages of technology maturity.