In the past few weeks both Egypt and Germany have come out announcing Contract for Difference (CfD) subsidy schemes aimed at promoting hydrogen usage and carbon emission reductions. CFDs have emerged as powerful financial instruments that play a crucial role in promoting renewable energy development as they offer price stability to renewable energy developers by guaranteeing a fixed price for the electricity they generate over a specific period of time. This stability reduces financial risks associated with fluctuating electricity prices, making renewable projects more attractive to investors. Additionally, CFDs enable renewable energy developers to access electricity markets and sell their generated electricity at a predetermined price. This market access ensures fair competition between renewables and conventional energy sources. Because CfDs…