EU – During the plenary session of the European Parliament in Strasbourg, Ursula von der Leyen revealed that the EU is now attracting more investment in hydrogen energy development than both the United States and China combined.
While specific figures weren’t provided during her statement, this proclamation underscores the EU’s remarkable strides in positioning itself as a global leader in hydrogen technology and clean energy solutions.
A triumph for the clean industry
President von der Leyen also highlighted the EU’s success in adapting its industrial landscape to meet ever-improving environmental standards. She proudly announced that over the past five years, the number of clean steel plants in Europe has surged from zero to an impressive 38. This transformation not only aligns with environmental goals but also positions the EU as a hub for environmentally conscious industrial practices.
Innovations on the horizon
The EC president further unveiled an exciting development on the horizon. She announced that Europe is set to launch its first container ship, powered by environmentally friendly methane produced using solar energy, on September 14 in Denmark. This groundbreaking vessel represents a tangible manifestation of the EU’s commitment to sustainable and innovative transportation solutions.
A green transition requiring bold investments
Ursula von der Leyen’s announcement echoes the sentiment expressed in a draft EC report earlier reported by Bloomberg. According to this report, the European Union recognizes the need for bold investments to facilitate its transition to a green economy. To achieve this vision and completely phase out its reliance on Russian fossil fuels, the EU must invest an additional $763 billion annually. This substantial investment underscores the EU’s determination to lead the way in sustainability and carbon reduction.