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<p>For the green hydrogen industry to make a&#xa0;decisive contribution to phasing out fossil energies, the considerable risks and uncertainties of this branch of business should be reduced by government intervention. ‘De-risking’ is necessary, especially in the Global South. Otherwise, investment projects will fail because of excessive capital costs. The article explains the risks and uncertainties that the hydrogen industry faces. Based on the literature on global value chains, it presents instruments for de-risking that only incur low costs. In this way, the article responds to the justified criticism that de-risking may lead to considerable government debt, if it is focussed on the granting of loans. These considerations are applied to Chile. There, the hydrogen industry is supported by value chain policies. The corresponding measures reduce risks and uncertainties for foreign lead firms, without incurring significant costs. However, Chile is also supporting the new business sector with extensive loans, for which the state is ultimately liable.</p>

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De-Risking der Wasserstoffindustrie in Chile

  • 期刊论文

  • 发表日期：

    2025年6月16日

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  • Sören Scholvin

摘要

For the green hydrogen industry to make a decisive contribution to phasing out fossil energies, the considerable risks and uncertainties of this branch of business should be reduced by government intervention. ‘De-risking’ is necessary, especially in the Global South. Otherwise, investment projects will fail because of excessive capital costs. The article explains the risks and uncertainties that the hydrogen industry faces. Based on the literature on global value chains, it presents instruments for de-risking that only incur low costs. In this way, the article responds to the justified criticism that de-risking may lead to considerable government debt, if it is focussed on the granting of loans. These considerations are applied to Chile. There, the hydrogen industry is supported by value chain policies. The corresponding measures reduce risks and uncertainties for foreign lead firms, without incurring significant costs. However, Chile is also supporting the new business sector with extensive loans, for which the state is ultimately liable.