绿色氢拍卖：设计指南（英）2024

Investment Rating - The report does not explicitly provide an investment rating for the green hydrogen industry Core Insights - Green hydrogen is essential for decarbonizing hard-to-abate sectors and requires policy support for its deployment and development [14][15] - Auctions are emerging as a competitive public procurement tool to promote green hydrogen production, offering long-term revenue certainty and enabling price discovery [16][17] - The report emphasizes the need for tailored auction designs to avoid negative repercussions such as reduced competition and project realization [17][18] Summary by Sections Executive Summary - Green hydrogen will significantly contribute to decarbonizing hard-to-abate sectors, but its development necessitates policy support [14] - Auctions can be a viable mechanism for promoting green hydrogen production while minimizing public expenditure [16] Section 2: Green Hydrogen - Status, Barriers, and Support Instruments - Hydrogen production is currently dominated by fossil fuels, with only 0.7% of global production being green or blue hydrogen [48] - Major barriers to green hydrogen uptake include technological, economic, institutional, and social challenges [54][56] - The production costs of green hydrogen are estimated to be three to six times higher than grey hydrogen, necessitating competitive procurement mechanisms to enhance cost-competitiveness [57][58] Section 3: Auctions to Support Green Hydrogen Development - Different types of auctions can be employed, including supply-side, demand-side, double-sided, and joint auctions [18][19][20] - Supply-side auctions focus on scaling up electrolyser capacity and green hydrogen production, while demand-side auctions incentivize hydrogen imports [19][20] - The design of auctions should align with national green hydrogen strategies to achieve defined policy objectives [22][23] Section 4: Design Elements of Auctions - Auction designs should consider various factors, including technology neutrality, local content requirements, and environmental sustainability [24][30] - Addressing challenges related to system integration and hydrogen transport is crucial for successful auction implementation [28][60] - Auctions should be part of a broader policy mix to ensure effective coordination and attract private investment [32][33]