EU to mobilize funding for hydrogen projects to counteract Chinese overtake

 The European Commission will launch a new round of funding for green hydrogen projects this month, with stricter rules aimed at benefiting European companies amid concerns over cheaper Chinese imports, Reuters reports, citing statements by the EU’s head of climate change policy Wopke Hoekstra. “The next auction will be different. We will have explicit criteria to build European electrolyzer supply chains,” Hoekstra said. The plan comes as European manufacturers urged the EU to protect them against cheaper Chinese producers with Hoekstra saying that the EU would intervene when it sees unfair competition