Activities of Pierre LARROUTUROU related to 2023/2123(INI)
Shadow opinions (1)
OPINION on the European Hydrogen Bank
Amendments (7)
Amendment 4 #
Draft opinion
Recital B
Recital B
B. whereas the EU hydrogen strategy and REPowerEU include an objective of producing 10 million tonnes of renewable hydrogen in the EU by 2030 and importing the same amount; whereas the total investment required is estimated at almost EUR 1 trillion;
Amendment 12 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. Points out that the European hydrogen market faces challenges at all stages of the supply and demand chain and to overcome these challenges additional skilled workers are needed, requiring significant financial investment in re-skilling and upskilling the workforce1b; asks the Commission to promuglate dedicated plans and financing possibilities in this regard; _________________ 1b https://eur-lex.europa.eu/legal- content/EN/TXT/?uri=CELEX%3A52023 DC0156
Amendment 13 #
Draft opinion
Paragraph 2
Paragraph 2
2. RHighlights that the European Commission estimated the total investment needs to produce, transport and consume 10 million tonnes of renewable hydrogen are expected to be in the range of EUR 335-471 billion, with EUR 200-300 billion needed for additional renewable electricity production while it estimated that an additional EUR 500 billion of investments will be needed in international value chains to enable the import of 10 million tonnes of renewable hydrogen, including in the form of derivatives1a; expresses concerns about the overall budget of the EHB compared to the subsidies given by economic partners and competitors, in particular China, India and the USA; recalls that a budget of EUR 3 billion was announced for the EHB in the 2022 State of the European Union address; takes note that a budget of EUR 800 million is expected for the first EU pilot auction for renewable hydrogen production; calls on the Commission to detail what further funding will be made available; _________________ 1a https://eur-lex.europa.eu/legal- content/EN/TXT/?uri=CELEX%3A52023 DC0156
Amendment 19 #
Draft opinion
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Calls on the Commission to elaborate on the yearly budget available under each pillar of the EHB and deliver a roadmap detailing the size and the general features of auctions foreseen in the coming years;
Amendment 24 #
Draft opinion
Paragraph 3
Paragraph 3
3. Highlights that pillars 1 and 4 of the EHB will partly rely on the coordination of the same EU programmes as the Strategic Technologies for Europe Platform in order to support the development of renewable hydrogen production; invites the Commission to clarify the interaction between the two initiatives;
Amendment 28 #
Draft opinion
Paragraph 4
Paragraph 4
4. Welcomes the ambition of EHB pillar 1 to spur the development of a domestic market for renewable hydrogen; calls on the Commission to ensure a level playing field when conducting auctions, including by considering support for hydrogen based on renewable sources from other bidding zones than the production zone; agrees that a well-functioning domestic market requires cross-border hydrogen infrastructure; regrets the fact that the Commission’s proposal for the revision of the multiannual financial framework (MFF) did not include an increase in funding for the Connecting Europe Facility; warns that investments in hydrogen infrastructure should not lead to locked-in emissions;
Amendment 36 #
Draft opinion
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Stresses the need to increase massively public funding for renewable hydrogen development in the EU and stresses the need to make sure that there are synergies between all available investment funds, programmes and financial instruments, in order to ensure cooperation between the public and the private sector for investments in a wide range of projects;