【In brief】
- Two Chinese hydrogen projects, one renewable hydrogen production project, and one hydrogen fuel cell logistic truck project are seeking CDM crediting to issue international carbon credits. Another hydrogen fuel cell commercial vehicle project is up for CCER issuance at home.
- Hydrogen credit issuers expand from upstream to downstream, going from green hydrogen producers, hydrogen fuel cell vehicle operators, to vehicle end-users based on different emission baseline scenarios.
- Hydrogen credit can be sold either as a stand-alone product (unbundled credit) or bundled with hydrogen (bundled credit). If it is sold as a stand-alone product, the issuer should pay extra attention to the double-counting between the credit retiree and the physical hydrogen product buyer.