Growing public and investor pressure has moved climate change further up the agenda. As a result the global economy is in the midst of an energy transition and in a move to net zero emissions by the middle of the century. This low-carbon transition focuses on decarbonizing economies and supply chains. Organizations are under increasing pressure to respond to a range of sustainability risks. Carbon management is fast becoming a critical activity for all businesses to undertake, if you want to take responsibility for your impact on the environment. Also using more green power, carbon pricing and carbon markets will be crucial to achieve carbon neutrality. Until recently, decarbonization has been a discipline reserved for consultants and ESG specialists. With the growing urgency of action, best practices should be more readily available to board members, senior managers and employees as well.

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The low carbon hydrogen market is in its early stages, similar to renewables a decade ago, but is poised for rapid growth. While wholesale markets for blue and green hydrogen are still developing, they are expected to become global, like LNG. Market expansion depends on demand growth and infrastructure investments. Carbon pricing could accelerate green hydrogen adoption. Hydrogen Purchase Agreements, akin to PPAs and LNG contracts, will be crucial for financing early projects, with developers and customers considering appropriate terms and risk allocation.

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REMIT, the EU regulation on wholesale energy market integrity and transparency, has been in force since December 2011. It requires all companies active in the electricity or gas wholesale market to comply with insider trading and market abuse rules. With the 2024 update and regular clarifications from ACER, companies must ensure their compliance frameworks for monitoring and preventing market manipulation and disclosing inside information remain current. Transmission System Operators (TSOs) face additional obligations under REMIT’s Article 15, requiring them to notify relevant National Regulatory Authorities of suspected breaches in wholesale energy market transactions. Expert support is often necessary to navigate these complex regulations, implement effective procedures, and avoid hefty fines. This can include annual mandatory training and assessments of existing compliance frameworks.

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The global renewable electricity generation capacity is rapidly expanding, with renewables—primarily wind, solar PV, and hydropower—accounting for half of the growth in power production worldwide. Within the next five years, renewables are expected to meet 30% of global electricity demand. Many companies are committing to 100% green energy through Corporate Power Purchase Agreements (CPPAs), which help secure renewable sources while hedging against wholesale price risks and ensuring long-term revenue stability. Kasper Walet offers expert services in this area, including assessments of existing PPAs, risk evaluations, pricing advice, contract negotiations, legal drafting, country analysis, and educational resources.

Meanwhile, the hydrogen market is poised for significant growth, reminiscent of the renewables sector 10-15 years ago, although many initiatives remain in pilot stages requiring government support. As hydrogen projects evolve, long-term revenue contracts will be crucial for financing; developers are exploring terms and risk allocations for Hydrogen Offtake contracts. With limited hydrogen contracts currently signed, Walet’s experience in structuring bankable agreements draws from best practices in both LNG and renewable projects. Contact us to learn how we can assist you in navigating these opportunities.

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