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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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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!
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.
Energy - Utilities - Resources Industry, Tax, Partner, PwC Netherlands
Tel: +31 (0)65 154 18 97
Partner, Energy transition and sustainable energy, PwC Netherlands
Tel: +31 (0)65 160 08 61
Director (Tax) - Energy, Utilities & Resources, PwC Netherlands
Tel: +31 (0)63 419 61 08
Senior Manager - Tax, Sustainability and Incentives, PwC Netherlands
Tel: +31 (0)62 380 36 54
Senior Manager Indirect Taxes, PwC Netherlands
Tel: +31 (0)61 029 42 75