In 2024, 11 subsidies were announced or launched worldwide. We’ve compiled a detailed summary to help you recap and compare the schemes supporting clean hydrogen and its derivatives.
Key Takeaways:
- The APAC region drove momentum throughout the year, while Europe made a strong finish with three subsidies announced in the final month.
- Most subsidies prioritized domestic production of clean molecules. However, countries like Japan, Korea, Germany, and the Netherlands focused on supporting supply chains and end-use applications.
- Auction designs and requirements ensure bidders’ credibility and project feasibility while reflecting each host government’s unique policy goals, showcasing diverse approaches to advancing the clean hydrogen transition.
