The high production costs of renewable hydrogen (RH2) limit its ability to compete with alternative non-renewable fuels and technologies. This is exacerbated by a number of market failures (including failure of carbon pricing...more
12/2/2022
/ Climate Change ,
Energy Market ,
Energy Sector ,
EU ,
Green Energy ,
Green Finance ,
Hydrogen Power ,
Member State ,
Private Equity Funds ,
Renewable Energy ,
Sustainable Finance
On October 25, 2022, Singapore’s Ministry of Trade and Industry published Singapore’s National Hydrogen Strategy (the “Strategy”). The Strategy recognizes the potential of low-carbon hydrogen as a broad-based decarbonization...more
The U.S. Department of Energy (DOE) has now published draft guidance for a Clean Hydrogen Production Standard (CHPS). The draft CHPS also includes a questionnaire seeking feedback from hydrogen industry stakeholders by...more
As the world increasingly commits to climate action, and governments and companies pledge net-zero emissions by or before 2050, it is clear that demand for hydrogen, an essential element of a low-carbon economy, is going to...more
On September 14, 2022, the European Parliament (the Parliament) adopted its position on revised amendments to the Renewable Energy Directive (Recast) 2018 (RED II), amongst other things, proposing requirements for renewable...more
9/16/2022
/ Carbon Emissions ,
Clean Energy ,
Climate Change ,
Electricity ,
Energy Projects ,
Energy Sector ,
EU ,
Green Energy ,
Hydrogen Power ,
Power Plants ,
Renewable Energy
With the Inflation Reduction Act (IRA) now signed into law, attention is shifting to the next potential area for energy reform: permitting. Senator Manchin has outlined his priorities for energy permitting reform legislation,...more
The U.S. Congress has passed, as of today, the Inflation Reduction Act (IRA or the “Act”), which is expected to be signed into law by President Joe Biden very soon....more
8/15/2022
/ Biden Administration ,
Carbon Capture and Sequestration ,
Carbon Emissions ,
Clean Energy ,
Climate Change ,
Energy Tax Incentives ,
Environmental Social & Governance (ESG) ,
Greenhouse Gas Emissions ,
Hydrogen Power ,
Inflation Adjustments ,
Pending Legislation ,
Popular ,
Sustainability
On July 27, 2022, Senator Joe Manchin of West Virginia, a key vote in the United States Senate, announced that he would support legislation providing $369 billion for climate and clean energy action in what could be the most...more
7/29/2022
/ Carbon Capture and Sequestration ,
Climate Change ,
Energy Tax Incentives ,
Greenhouse Gas Emissions ,
Hydrogen Power ,
New Legislation ,
Nuclear Power ,
Proposed Legislation ,
Renewable Energy ,
Renewable Energy Incentives ,
Tax Incentives
The Need for a Unified Carbon Credit Market -
Industries which cannot easily decarbonize would love to be able to claim reductions in net greenhouse gas (GHG) emissions by “offsetting”—creating or buying carbon credits....more
During the height of the COVID-19 pandemic, many corporations, governments and non-governmental organizations began formulating their post-pandemic sustainability-focused economic recovery plans, eager to capitalize on the...more
Obviously, interest in international trade of hydrogen is rising rapidly. New announcements of credible major export initiatives are occurring frequently. But there remain doubts about the rate of development of the...more
The Chemical Industry Is the Largest Industrial Energy Consumer Worldwide -
With a total gross value addition to the global economy of $5.7 trillion annually, equivalent to 7% of global GDP, the chemical industry is an...more
As discussed in Shearman & Sterling’s previous Energy & Infrastructure Insight, there is significant pressure on companies and governments to reduce their carbon emissions, not only driven by mandatory regimes but also...more
Security of Supply Threats Prompt Government Action Russia’s invasion of Ukraine has led to a significant acceleration of changes to Germany’s energy system, including an increased focus on green hydrogen as a key to future...more
The new federal government has presented ambitious framework conditions for decarbonizing the German economy through hydrogen, aiming to position Germany at the center of a global hydrogen economy. German industry expects...more
This briefing brings together, in a single easy-to-navigate directory, the statements, declarations and announcements made by governments and organizations during COP26. COP26 was the 26th Conference of the Parties to the...more
We are delighted to bring you the fifth edition of our Energy & Infrastructure Insight, providing expert information and analysis of the current issues facing the energy and infrastructure sectors across the globe. ...more
11/4/2021
/ Asia ,
Carbon Emissions ,
Clean Energy ,
Energy Projects ,
Energy Sector ,
EU ,
Foreign Investment ,
Infrastructure ,
Offshore Wind ,
Philippines ,
Renewable Energy ,
Wind Power
The “Greening Finance” Roadmap outlines plans for new sustainability-related disclosures and implements a “Green Taxonomy” to evaluate corporate environmental behaviour and counter greenwashing....more
Almost two years ago, the European Commission (EC) published its Green Deal, which mentions hydrogen only three times. Since then, hydrogen has come to the center-stage of the EC's decarbonisation agenda....more
We are pleased to publish the Third Edition of our Energy & Infrastructure Insight, providing information and analysis of the current issues facing the energy and infrastructure sectors across the globe.
In this latest...more
10/19/2020
/ Carbon Emissions ,
Climate Change ,
Discharge of Pollutants ,
Energy Sector ,
EU ,
Hydrogen Power ,
Infrastructure ,
Natural Gas ,
Oil & Gas ,
Power Infrastructure ,
Renewable Energy ,
Taiwan ,
Wind Power
We are pleased to introduce the second edition of our Energy & Infrastructure Insight, providing information and analysis of current issues and projects across the globe.
In this edition, we offer insights into the...more
1/29/2020
/ Africa ,
Economic Development ,
Energy Projects ,
Energy Sector ,
Foreign Investment ,
Infrastructure ,
Infrastructure Financing ,
Institutional Investors ,
Mineral Extraction ,
Mining ,
Public Projects ,
Renewable Energy ,
Resource Extraction
The first edition of Shearman & Sterling’s Energy & Infrastructure Insight provides information and analysis of current issues and projects across the globe.
In this edition, we offer insights into how Gulf Cooperation...more
6/24/2019
/ Cross-Border ,
Energy Market ,
Energy Projects ,
Energy Sector ,
Mining ,
Natural Resources ,
Nuclear Power ,
Oil & Gas ,
Renewable Energy ,
Solar Energy ,
Wind Power