Carbon taxes are used in a number of countries around the world
Hydrogen needs strong carbon price
Global carbon trading schemes need higher prices to incentivise hydrogen projects, says panel
A strong carbon price is needed to incentivise a switch to hydrogen in many countries, according to a senior executive at a leading green hydrogen developer. Only the EU currently has a strong price for carbon, where it is trading at more than €80/t CO₂ ($90/t CO₂). The US and China have regional emissions trading schemes, but prices remain too low to incentivise hydrogen projects. “In some markets you are going to need carbon taxes because companies are not motivated only by decarbonisation and helping with climate change,” said Alicia Eastman, president of Hong Kong-based Intercontinental Energy, at the Asia-Pacific Hydrogen Summit on Wednesday. “You will need to see some kind of carbon ta
Also in this section
10 December 2025
Project developer Meld Energy ready to accelerate 100MW project in Humber region after securing investment from energy transition arm of private equity firm Schroders Capital
9 December 2025
BP and Engie abandon large-scale green hydrogen projects in Gulf state as developers in all regions continue to struggle with lack of firm offtake
5 December 2025
European Commission highlights rapid growth of Chinese production this year, as it retains strict procurement rules in latest European Hydrogen Bank subsidy auction
2 December 2025
Oil major cites deteriorating demand and a planning debacle as it abandons one of UK’s largest blue hydrogen projects
