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Claire Dietz-Polte

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Claire Dietz-Polte ist Counsel bei Baker & McKenzie Partnerschaft von Rechtsanwälten und Steuerberatern mbB

With global acknowledgement of the spiraling negative impact of carbon emissions on the planet, many countries are swiftly launching efficient, low-cost hydrogen-based solutions for the future mobility industry and have agreed to accelerate zero-emission vehicles at the recent COP26 conference. The goal is to have climate-friendly techniques on road vehicles, synthetic fuels and, for the aviation and maritime sectors, developing a hydrogen transport and distribution infrastructure, as well as expanding the network of hydrogen refueling stations.

With its National Hydrogen Strategy from 2020, the German federal government has presented a comprehensive strategy to boost the market ramp-up for green hydrogen and, thereby, to decarbonize the German economy. In doing so, the German federal government recognized early on that the country would be dependent on importing a considerable amount of green hydrogen, especially in the medium to long term. Accordingly, a global hydrogen supplier market will be established in the near future.

In December 2019, the European Commission launched the Green Deal, a comprehensive sustainability strategy with specific measures to make Europe climate neutral by 2050. According to the International Air Transport Association (IATA), commercial aviation is responsible for 2-3% of the global carbon emissions. In terms of the European Union, aviation accounts for 3% of the EU’s total greenhouse gas emissions. Due to the steady increase in emissions in the aviation sector since 1990, action in this area to address climate change is essential.

As corporates continue to be challenged, to develop and deliver on sustainability goals, and seek to hedge electricity prices in an extraordinarily volatile market, global corporate PPA volumes continue to soar despite the economic fallout caused by COVID-19. With the global market for corporate PPAs rapidly evolving and becoming more…