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On December 2, the European Commission said that the EU and Japan will strengthen cooperation on clean hydrogen development and promote the construction of
an international hydrogen market.
"As leaders in hydrogen technology, the EU and Japan will work together for the sustainable and economical production, trade, transport, storage, distribution and use of renewable and
low-carbon hydrogen," the European Commission said.
Cooperation between Europe and Japan will help create a rules-based, transparent global hydrogen market that does not distort trade and investment
.
”
This follows the signing of a Green Alliance agreement by the EU and Japan in 2021 to accelerate decarbonization efforts
in both economies.
Its strategic partnerships cover trade, climate change, energy, environment and sustainable finance frameworks
.
At present, the cost of hydrogen production in Japan is much lower than in the EU, which assessed on December 1 that the cost of producing renewable hydrogen through alkaline electrolysis in the EU is 22.
09 euros/kg, and the cost of producing blue hydrogen through steam methane reforming is 8.
85 euros/kg; The production cost of alkaline electrolysis in Japan is 8.
86 US dollars / kg, and the cost of steam methane reforming hydrogen production is 5.
86 US dollars / kg
.
