Scaling Hydrogen Financing for Development
This flagship report, prepared by the World Bank in collaboration with the Organisation for Economic Co-operation and Development (OECD) and the Global Infrastructure Facility (GIF), and with the support of the Hydrogen Council, is intended to inform deliberations at the 28th Conference of the Parties (COP28) to the United Nations Framework Convention on Climate Change (UNFCCC).
The report is a contribution to the Breakthrough Agenda adopted at COP26.1 The World Bank is currently closely involved in the roll-out of the global hydrogen economy, as part of a bigger international effort to support this transition.
The Bank’s principal components—the International Bank for Reconstruction and Development, International Finance Corporation, and Multilateral Investment Guarantee Agency—are in close consultations with client countries and private sector players on how to realize their hydrogen ambitions. To date, the World Bank Board has approved $1.65 billion in clean hydrogen loans in 2023.
The Hydrogen for Development Partnership (H4D), established at the 27th conference of parties (COP27) through the work of the Energy Sector Management Assistance Program (ESMAP) at the World Bank, provides client countries with practical advice and technical assistance on how to develop policies in order to advance clean hydrogen efforts in their respective economies. This report’s analysis provides detailed information on the global hydrogen market and the cost of producing hydrogen. It quantifies the gap between the costs of financing clean hydrogen projects and the benefits such a project can be expected to yield in the short term
Charley Rattan Associates actively supports companies develop their hydrogen portfolios. We offer training, advisory and facilitation services and have already helped US companies illustrated in the supply chain book a call schedule/3f0f8203/appointment
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