Role of MDBs Stakeholder participation, benefits-sharing arrangements, and the additionality and oversizing of water treatment infrastructure are necessary to secure a positive impact of green hydrogen on land and water access in the producer country. [...] NewClimate Institute | May 2024 18 Green Hydrogen for Sustainable Development Green hydrogen could contribute to the creation or expansion of local industries, such as the manufacturing of renewable energy equipment (e.g., solar panels, wind turbines, inverters, and batteries) and electrolysers, production of hydrogen derivatives like methanol and ammonia, and manufacturing of green products like. [...] ( Knowledge creation and sharing) 19 The Role of Multilateral Development Banks - Supporting the integration of such estimates and policy options into both national green hydrogen strategies and specific upstream and downstream sectoral development strategies (e.g., for fertilisers, green steel, and electrolysers) to provide timely market signals. [...] of green hydrogen development on the country’s trade balance would depend on how the volume of exports related to green hydrogen compares to the volume of imports. [...] Additionally, the use of green hydrogen for long-term or seasonal storage can provide flexibility services to the grid, which facilitates the integration of variable renewable energy sources and the decarbonisation of the power sector.
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Table of Contents
- Fig. 1 16
- Financial commitments to hydrogen by multilateral development banks by source and year of announcement 16
- Fig. 2 23
- Selected green hydrogen impact areas across sustainability dimensions 23
- Fig. 3 26
- Pathways of green hydrogen impacts on electricity access 26
- Fig. 4 42
- Selected tools from the MDB climate finance and strategy toolkit 42
- Introduction 13
- 1.1 The role of green hydrogen in a just, Paris-aligned transition 14
- 1.2 The role of Multilateral Development Banks in supporting green hydrogen 15
- 1.3 Rationale, scope and structure 17
- Terminology 19
- Sustainable development impacts of green hydrogen 21
- 2.1 Electricity access 24
- 2.2 Land and water access 28
- 2.3 Local value capture 30
- 2.4 Trade balance 33
- 2.5 Fiscal balance 34
- 2.6 Public infrastructure 36
- 2.7 Sectoral decarbonisation 37
- 2.8 Public health and safety 39
- 2.9 Nature and biodiversity 40
- Adapting the MDB climate finance and strategy toolkit 41
- 3.1 Standard setting tools 45
- 3.2 Country support tools 49
- 3.3. Project financing tools 55
- 3.4 Principles for MDB engagement 59
- Case studies: Selected multilateral and bilateral initiatives on green hydrogen 60
- 4.1 AfDB: African Legal Support Facility in Namibia 61
- 4.2 World Bank: Development policy loans to India 62
- 4.3 EIB: Green Hydrogen Fund 64
- 4.4 Team Europe: The H2Global Instrument 65
- Conclusion 67
- REFERENCES 69
