World Bank and CCEE enter into partnership focusing on hydrogen regulation

The project will debate topics ranging from financing, technologies and business models to governance and the circular economy
3 minute(s) of reading
Canal Solar Banco Mundial e CCEE firmam parceria com foco na regulação do hidrogênio
Partnership is an opportunity to defend attributes that can position Brazil as a protagonist in the hydrogen market. Photo: Getty Images

A CCEE (Electricity Trading Chamber) is now part of an initiative by world Bank to help developing countries in structuring the hydrogen market.

The Chamber will work with a focus on certification, contributing to the definition of criteria for classifying the input as low carbon. The first mission was carried out in India, on April 24th and 25th.

The World Bank project was launched at COP 27, which took place last year, in Egypt, and aims to debate topics ranging from financing, technologies and business models to governance and the circular economy.

Second Talita Porto, vice-president of CCEE, the main objective is to create an environment in the global market that encourages competitiveness between countries and make hydrogen low-carbon an attractive and safe business for investors.

The executive explains that the invitation made to CCEE is an opportunity to defend attributes that can position Brazil as a protagonist in the hydrogen market and to advance the work that the Chamber has already been doing to establish a standardization of energy certification that will be used in manufacturing. of the input.

“One of our main defenses internationally is the use of energy generated by hydroelectric plants. This is one of Brazil's greatest advantages, an attribute that can keep us in the lead, but there is still no consensus regarding this type of source in other countries”, says the executive.

According to the Chamber of Commercialization, in 2022 hydroelectric plants represented almost 80% of the electrical energy produced in Brazil. With the supply complemented by alternative sources that continue to expand, such as wind and solar generation, 92% of all electricity consumed last year came from renewable sources. It was the highest index in the last 10 years, a result that materializes all the potential that Brazil has in the hydrogen market, in CCEE's assessment.

Ricardo Gedra, manager of Analysis and Market Information at CCEE, was part of the delegation that went to represent Brazil in India and highlighted that dialogue with other countries is also an important step towards help the market mature and attract investment from the World Bank itself, which has invested more than 5.5 billion dollars in the last five years in energy projects around the world.

“The World Bank knows the potential we have in this business, that we have the capacity to lead this discussion. And as the only Brazilian institution that already has all the information necessary for reliable certification, CCEE will be a key player in this initiative”, concludes Gedra.

The international task force will also have the support of the government of Ceará and other important sectoral entities, such as the Hydrogen Council, one of the largest groups of energy companies in the world, the Hydrogen Europe, which represents the European energy market, and the NREL, a renewable energy laboratory at the United States Department of Energy.

Picture of Wagner Freire
Wagner Freire
Wagner Freire is a journalist graduated from FMU. He worked as a reporter for Jornal da Energia, Canal Energia and Agência Estado. He has covered the electricity sector since 2011. He has experience in covering events, such as energy auctions, conventions, lectures, fairs, congresses and seminars.

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