Fit for 55: Hydrogen and Decarbonized Gas Position Agreed
EU member states agreed in March 2023 on the European Council’s position on the proposed hydrogen and decarbonized gas market package, with a market shift targeted whereby renewable and low-carbon gases would account for two-thirds of gas usage by 2050.
The agreement was reached as the EU progresses towards its Fit for 55 goals, with the cutting of EU greenhouse gas emissions by 55% the ultimate goal. Following the European Commission’s proposal of a review of EU gas market design as part of these reforms, the hydrogen and gas market package was devised to revise the gas regulation and directive of 2009 and the security of gas supply regulation of 2017.