European Court of Auditors – The EU’s Industrial Policy on Renewable Hydrogen, 2024

The European Court of Auditors' Special Report 11/2024 critically assesses the EU's industrial policy on renewable hydrogen, highlighting that while the legal framework is largely in place, significant challenges remain in achieving the ambitious 2030 targets. The report points out that the European Commission's goals to produce and import 20 million tonnes of renewable hydrogen by 2030 are unrealistic, given current production capacities and market conditions. It emphasizes the need for a more strategic approach, including better assessment of market demand, investment in infrastructure, and alignment of policies across member states to effectively support the hydrogen economy.