In the framework of the World Hydrogen Summit 2024, the OECD Clean Energy Finance and Investment Mobilisation (CEFIM) programme and the World Bank’s Energy Sector Management Assistance Program (ESMAP) organised a side event on “De-risking hydrogen investments in developing countries and emerging markets”. The event took place on Monday 13 May between 11:15 – 12:30 CEST at the Rotterdam Ahoy venue in Rotterdam (The Netherlands).
As many countries advance their national hydrogen strategies, governments and multilateral development banks (MDBs) play a key role in addressing the challenges to mitigate some of these risks by improving investment conditions, providing risk mitigation tools and enhancing policy frameworks.
To respond to some of these challenges, in 2023, the World Bank (WB) and the OECD published a joint report on Scaling Hydrogen Financing for Development to identify the risks that deter investors to enter into the clean hydrogen industry. Building on this work, this year the WB and the OECD are conducting an extensive study to map out some of the strategies and potential solutions to mitigate such risks.
This side event aimed at providing insights to deepen the current analysis conducted by the World Bank and the OECD. More particularly, the objectives were (i) to discuss the risks that affect the cost of financing clean hydrogen projects and (ii) to identify the strategies that can help to mitigate them and reduce the project’s financing cost from the perspective of experts from international organisations, financial institutions and insurance companies. This roundtable further fed the current analysis conducted by the World Bank and OECD on de-risking mechanisms in the clean hydrogen industry.
