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The role and potential of hydrogen in a low carbon economy

04/11/21

With the energy transition come goals like decarbonisation, diversifying energy supply, fostering economic growth and integrating renewables in your company. These goals are supported by carbon taxes and other green taxes and incentives, a relevant number of which have been proposed with the Fit for 55 Package by the European Commission on 14 July 2021.

To reach these goals, carbon intensive industries cannot solely rely on traditional electrification for, for instance, heat intensive production processes. A possible solution to bridge this issue is to add hydrogen fuel cells to the process.

This fourth ESG animation outlines the role and potential of hydrogen in a low carbon economy. Hydrogen can be key in reaching the goals of the energy transition. So do watch our follow-up ESG animation on hydrogen and feel free to contact us to discuss your approach.

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0:02:17

Hydrogen - ESG and Tax

What possible role can hydrogen play in the energy transition, and what is its potential in the light of the 'Fit for 55 package' and increased carbon pricing? In this animation, we explain it to you. More animations will follow in the coming weeks, with deep dives into Future of work and Mobility. Interested in hydrogen and do you want to quantify the business potential and available incentives? Let’s talk!

This animation is a deep dive into hydrogen and follows our introductory ESG animation and the ESG deep dive animations on Carbon Pricing and Value Chain. Watch our previous and following ESG animations!

  1. Carbon pricing
  2. Value chain
  3. Hydrogen
  4. Mobility
  5. Future of Work

For more information on the Fit for 55 package, please visit Fit for 55: EU bets on energy savings and greener buildings to meet climate target.

For more information on the energy transition tax angles and our services, please visit Managing tax and energy transition.

Contact us

Chris Winkelman

Chris Winkelman

Energy - Utilities - Resources Industry, Tax, Partner, PwC Netherlands

Tel: +31 (0)65 154 18 97

Niels Muller

Niels Muller

Partner, Energy transition and sustainable energy, PwC Netherlands

Tel: +31 (0)65 160 08 61

Juliette Marsé

Juliette Marsé

Director (Tax) - Energy, Utilities & Resources, PwC Netherlands

Tel: +31 (0)63 419 61 08

Mohammed Azouagh

Mohammed Azouagh

Manager - Tax, Sustainability and Incentives, PwC Netherlands

Tel: +31 (0)62 380 36 54

Sander Borremans

Sander Borremans

Manager Indirect Taxes, PwC Netherlands

Tel: +31 (0)61 029 42 75

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