JAPAN AND EU AGREE TO WORK ON CREATING HYDROGEN DEMAND AND SUPPLY
NEWS Desk Global
Japan and the European Union on Monday agreed to work together on policies related to creating demand and supply for clean hydrogen as well as to cooperate in advancing technologies to develop the new fuel. Japan sees hydrogen as a new and cleaner source to gradually substitute liquefied natural gas (LNG), part of the country's path to carbon neutrality by 2050, and for Europe, hydrogen is one of the options to phase out usage of Russian fossil fuels.
"Hydrogen will be very soon an internationally traded commodity, and close EU-Japan cooperation will be essential for promoting renewable and low-carbon hydrogen globally, and ensuring that standards and regulations converge," said Kadri Simson, European Commissioner for Energy.
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