Green Hydrogen In Kazakhstan: Barriers

Introduction

The Russian invasion created some unpredictable outcomes. In April 2022, consumer prices have advanced 8.1 percent¹ and the inflation rate for oil & gas in in the European Union (the EU) has reached 38 percent², according to Europe's statistics agency. As a result, hydrogen became a hot topic. However, the unstable situation with Ukraine is not the only reason for corporations to look for alternative sources of energy. On July 14, 2021, the European Commission developed the EU Green Deal environmental plan, according to which it is planned to reduce carbon dioxide emissions by 55% by 2030³. Starting from 2023, additional taxes will be imposed on goods with a carbon footprint imported into the EU. On the other hand, the authorities of the EU will imply a transition to alternative energy sources to strive for hydrocarbon neutrality. Thus, large-capacity batteries and green hydrogen are coming out onto the stage.