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  "documentTitle": "Green Hydrogen: An assessment of near-term power matching requirements",
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      "text": "While the measures described here can facilitate the deployment of green hydrogen, supporting mechanisms may still need to be put in place.",
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      "text": "Implementing carbon pricing. Green hydrogen will bring major GHG emission reductions when used to replace fossil fuels for many end uses. However, in many cases this benefit is not reflected in commodity prices, reducing the economic incentive to produce green hydrogen. By internalising the externalities (such as the impacts of extreme weather events, including damage to crops and other assets) in the form of either a carbon tax (i.e. a predetermined price path) or a trading system (i.e. a predetermined limit on emissions with a variable price), policy makers will contribute to valuing this benefit and closing the economic gap with fossil fuel pathways.\n\nPhasing out fossil fuel subsidies. Fossil fuel subsidies are responsible for various fiscal, social and environmental problems. These problems include harmful impacts on energy markets and greater fiscal burdens on governments, as well as environmental impacts. By phasing out fossil fuel subsidies, policy makers will help to close the economic gap with green hydrogen, while reducing market distortions and making the real price of fossil fuels clearer. When energy subsidies are used to assist energy-vulnerable populations or to guarantee competitiveness of national companies, careful planning of their phase-out should include measures to avoid energy price spikes or excessive burdens on family and company budgets.",
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      "text": "While the measures described here can facilitate the deployment of green hydrogen, supporting mechanisms may still need to be put in place. The next chapter provides examples of such measures.",
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      "text": "PILLARS FOR GREEN HYDROGEN POLICY MAKING",
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