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View | Zhang Zhen: speed up the hydrogen industry investment and financing system construction

2022.10.10 Views:879

 

On September 27,2022, the 2022 International Energy Development Forum (Beijing, China) with the theme of "Talking Energy Development and Exploring new Green Roads" was successfully held in Jingcheng Building. At the invitation of the forum, Zhang Zhen, director of the Hydrogen Energy Center of the 100 Committee of Chinese Electric Vehicles, attended the conference online and delivered a keynote speech on "accelerating the construction of the investment and financing system of China's hydrogen energy industry".

 

Figure 12022 International Energy Development Forum was held on September 27

 

Figure 2 Zhang Zhen, director of China EV100 Hydrogen Energy Center, delivered a keynote speech online

 

In recent years, hydrogen energy has become the core area of the global low-carbon transformation and boost the green economy. It is expected that by 2030, the global financing demand for the hydrogen energy industry will reach $1.2 trillion, and the current investment scale will only meet a quarter of that target, Zhang said. How to establish a more perfect and systematic investment and financing system to fill the gap between the industrial development target and the actual investment scale is the key to the development of the hydrogen energy industry in the next step. The European Union, the United States, Germany, the United States and South Korea have accumulated a lot of useful experience in using diversified investment and financing tools to encourage the high-quality development of the hydrogen industry and achieve low-carbon transformation. Zhang Zhen pointed out that at present, China's hydrogen industry is in a stage of rapid development, fiscal and tax policies encourage precise support, local financial instruments are gradually enriched, and the capital market is increasingly paying attention to hydrogen energy, maintaining a positive development trend. But at the same time, China's hydrogen energy industry investment and financing system is still facing some challenges. The current incentive policies mainly focus on the research and development of production and supply links and transportation application scenarios, with relatively few application scenarios such as power generation, energy storage and industry. Most areas are mainly based on the traditional subsidy means, and the industrial development does not jump out of the traditional mode of investment for orders, which affects the benign and healthy sustainable development of the industry. Therefore, it is particularly important to build a diversified incentive system, guide the appropriately advanced investment of hydrogen energy infrastructure, promote the large-scale application of multiple scenarios such as industry, power generation, energy storage and so on, and further improve the investment and financing system of China's hydrogen energy industry by drawing lessons from international excellent experience.

 

To this end, zhang advice, first to play to the public sector in the hydrogen market creation important role, one is to give full play to the local financial system of science and technology of hydrogen key technology research and development, the second is to play a fiscal capital to guide the leverage of social capital investment, three is to strengthen the demand side public policy cross-sectoral synergies. Secondly, we should strengthen the innovation support of green finance for the whole hydrogen industry chain, bring the hydrogen industry into the classification standard of green finance, guide green credit to the construction of hydrogen energy infrastructure, and encourage the multi-level capital market to support hydrogen energy projects for market-oriented financing. Finally, we will actively promote the precise assistance of the national carbon market to the hydrogen industry, introduce the national green hydrogen standards and certification mechanism as soon as possible, integrate various forces to promote the formation of the hydrogen trading market, establish the digital and traceability platform of the industrial chain, and promote the orderly, benign and sustainable development of the hydrogen industry.