Germany | National Hydrogen Strategy Update
The use of hydrogen and its derivatives will play a key role in the decarbonisation process, in particular for the transformation process in the energy sector, the transport sector and industry that is due to be completed by 2030. For this to happen – in view of investment cycles that frequently last many years – the foundations for forward-looking investment decisions need to be laid today and in this legislative period. The NHS update is intended to establish reliable guard rails for private investments in sustainable, but in particular the economic, ecological and social production, transport and use of hydrogen, its derivatives and hydrogen application technologies. It is imperative that the required integration into the overall German energy system be in line with international human rights, labour and environmental standards (e.g. OECD Guidelines for Multinational Enterprises, UN Guiding Principles on Business and Human Rights) in addition to meeting standards on corporate due diligence.