Joint Declaration of Intent on the implementation of a joint tender under the H2Global instrument between The Government of the Federal Republic of Germany and The Government of the Netherlands - 14 November 2023
Country
Year
2023
Summary
The Government of the Federal Republic of Germany and the Government of the Netherlands (jointly hereinafter referred to as "the Participants" and in the singular as "the Participant") recognise the importance of the realisation of global import chains and the need for imports of renewable hydrogen and its derivatives in order to shift away from the Participants' dependence on fossil fuels and to achieve the decarbonisation goals of the Federal Republic of Germany (hereinafter referred to as Germany) and the Netherlands (hereinafter referred to as the Netherlands). They recognise that there remains a green premium in terms of higher costs for those off-takers willing to choose renewable hydrogen over fossil fuels and that the H2Global mechanism is an effective instrument to cover the necessary green premium. They acknowledge the Joint Declaration of the Dutch-German Government Consultations on 27 March 2023 in which the Participants decided to further explore the Dutch participation in the H2Global mechanism. They recall the letter, signed by the European Commissioner Kadri Simson and Minister Habeck, inviting EU Member States to explore individual, synchronised or pooled European auctions under the H2Global instrument.
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