Global Push to Revive Clean Energy Incentives Gains Momentum as EU Backs Wind, Hydrogen Amid Oil Shock
The European Commission approved €5 billion in Danish offshore wind subsidies and support for 1 GW of French hydrogen production on Monday. The Danish scheme will fund two wind farms expected to supply a quarter of Denmark’s electricity, while France’s hydrogen aid will be allocated through three tenders. The moves come as Brent crude trades near $101 a barrel and the EU seeks to shield itself from energy shocks.