Date: THU OCT 20, 2022
Media: REUTERS
What happened?
The increase of gas prices has had the consequence that its more attractive to invest on green or clean hydrogen.
Whom and where it affects?
This incident affects specially almost 25 of European countries that has been affected directly by the Ukrainian War and therefore, nowadays, these countries are investing around $73 billions of public and private funds to the production of green hydrogen.
What sort of public or private institutions are involved?
In this case, the public institutions that are involved are the USA and European Governments.
Why is it important for Banking and Finance?
From the point of view of the Banking and Finance sector it is important because that fact could cause a standstill of the invested on fossil hydrogen and it may ends on a huge lost for the companies that produce this energy.
That could become on a new creation of financial assets of green or clean hydrogen for invested on, replacing to the fossil assets.
What do you think will be the consequences in the foreseeable future?
First, we think that the Banking sector and companies will invest billions of dollars on green assets, replacing assets like oil or gas and that fact will support ecology.
This will do improve an economic growth of the green sector and countries who worked out well on this cause. And for consequence, these countries will not depend only of huge exporting fossil assets and gas countries, like Russia, for example.
Keywords: Green energy, Gas, Oil, Fossil Hydrogen
SDG:
The SDG that are related with this new are:
7. Affordable and clean energy.
11. Sustainable cities and communities.
12. Responsible consumption and production.
13. Climate action.