Hydrogen for Net Zero Initiative

Hydrogen for Net Zero Initiative

Unlocking the potential of low-carbon hydrogen

Our mission is to unlock carbon finance from international carbon markets to accelerate hydrogen's contribution to the global energy transition to net zero .

Right now, low-carbon hydrogen is not cost competitive. To overcome this finance gap, the H2NZ initiative develops methodologies to credit the full suite of low carbon hydrogen activities. By accessing finance from international carbon markets, the initiative aims to break down this cost barrier and unlock the potential of low-carbon hydrogen.

The challenge

Right now, low-carbon hydrogen is not cost competitive. To overcome this finance gap, the Hydrogen for Net Zero initiative (H2NZ) is working with hydrogen leaders to develop methodologies that credit the full suite of low carbon hydrogen activities. By accessing finance from international carbon markets, the initiative aims to break down the hydrogen cost barrier and unlock the power of low-carbon hydrogen.

The opportunity

Global hydrogen demand is expected to increase six times by 2050. The H2NZ initiative works to seize this opportunity by developing quality assurances and robust methodologies for scaling low-carbon hydrogen by:

Methodological frameworks

Methodological frameworks

Developing methodological frameworks, complemented by modules and tools, in close collaboration with the two leading standard setters in the voluntary carbon market – Verra and Gold Standards - and with technical experts.

The Opportunity

The Opportunity

Global hydrogen demand is expected to increase six times by 2050. [IEA Stat] The H2NZ initiative works to seize this opportunity by developing quality assurances and robust methodologies for scaling low-carbon hydrogen by:

  • Developing methodological frameworks, complemented by modules and tools, in close collaboration with the two leading standard setters in the voluntary carbon market – Verra and Gold Standards - and with technical experts.
  • Core members will bring in concrete use cases to which the new methodologies can be applied. These methodologies will cover the complete hydrogen supply chain from production and processing to transport, storage and application in various sectors – such as heavy industry, chemicals, fertilizer production, transport and aviation among others.
Creating a stakeholder engagement platform

Creating a stakeholder engagement platform

Additionally, the initiative will create a stakeholder engagement platform where players from different parts of the H2 supply chain will be connected for potential projects and developments in the hydrogen sector (policies, standards, support schemes, corporate net-zero strategies).

H2 for NZ: How can renewable and low-carbon hydrogen projects benefit from carbon markets?

To mark the launch of the Hydrogen for NetZero Initiative, an online event was held discussing today's challenges of low-carbon and renewable hydrogen projects, how carbon markets can accelerate the hydrogen transformation, and how the Hydrogen for NetZero Initiative will contribute to market development, followed by a Q&A session.

Speakers:

  • Patrick Bürgi (Co-founder, Innovation Director, South Pole),
  • Sonja Butzengeiger (Managing Partner, Perspectives),
  • Ian Kuwahara (Director, Energy and Industrial Innovation, VERRA),
  • Hugh Salway (Head of Markets, Gold Standard)

Governance

The H2NZ initiative has a collaborative, open and transparent working structure, dedicated to achieving efficient and effective results.

Secretariat

Secretariat

South Pole

South Pole has been at the forefront of decarbonization since 2006. South Pole both develops emission reduction projects globally as well as implements comprehensive climate solutions and strategies that turn climate action into long-term business opportunities for companies, governments and organizations around the world. South Pole is also a leading carbon project developer, and has provided nearly 1,000 projects in over 50 countries with climate finance to reduce over a gigaton of CO2 emissions and social benefits to less privileged communities who are particularly vulnerable to climate change.

Perspectives Climate Group is internationally recognised for its competence in developing innovative carbon methodologies across several sectors and for providing practical and high-quality solutions in international and domestic climate policy. We will bring in our experience from developing over twenty methodologies approved by the UNFCCC (CDM Executive Board) and other standard-setting bodies.

Independent standard setters

Independent standard setters

The H2NZ initiative will begin the process for the development & approval of the world's first methodologies for low-carbon hydrogen projects under Verra's Verified Carbon Standard (VCS) & Gold Standard; & continue with Art 6 of the Paris Agreement once the required international processes are in place.

Verra

Verra is a non-profit organization (NGO) focused on addressing climate and sustainable development issues through the development and management of market-based standards.

Gold standard

Gold Standard was established in 2003 by WWF and other international NGOs to ensure projects that reduced carbon emissions under the UN's Clean Development Mechanism (CDM) also contributed to sustainable development. It launched its Gold Standard for the Global Goals standard in 2017, enabling climate and development initiatives to quantify, certify, and maximise climate and sustainable development impacts.

Contact us

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Want to become a member?

To contact the secretariat and find out more about membership, please email: info@hydrogenfornetzero.org

Contact Hydrogen for Net Zero today
For queries, contact us at info@hydrogenfornetzero.org