Could the Mediterranean Sea become the new energy hub to strengthen energy security and accelerate the energy transition in Europe? The issue has also recently been discussed in an Economist editorial depicting the Mediterranean region as a future powerhouse of green hydrogen and carbon-free revolution. The South Central H2 Supply Corridor by 2030Source: European Clean Hydrogen AllianceThe message from Meloni and Scholz to Europe has been delivered. Nevertheless, this has not stopped the EU Commission from launching with great fanfare the first auction of the European Hydrogen Bank to support the production of renewable hydrogen in Europe. Funds that, according to the Commission, will help to reduce the existing gap between the production costs of green hydrogen and the prices citizens are willing to pay for it.

Source: The North Africa Journal December 11, 2023 22:03 UTC