Over 150 global business leaders in the hydrogen economy convened at the Hydrogen Council’s recent regional CEO meeting to spotlight the European Union’s position on the global hydrogen map.
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The Hydrogen Council’s new report, “Global Hydrogen Flows,” emphasizes the pivotal role of long-distance and cross-border hydrogen trade in efficiently matching the lowest-cost supply with global demand.
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The Hydrogen Council informed S&P Global Commodity Insights that the policy obstacles confronting low-carbon and renewable hydrogen projects in Europe are expected to be short-lived, with rapid deployment anticipated once regulatory certainty is achieved.
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Hydrogen investments and deployment have been steadily gaining momentum for years, with acceleration since 2020, revealing the broader picture and the magnitude of the task ahead.
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Amidst the global energy crisis and rising gas prices, increased interest and investment in the hydrogen sector signify significant progress in renewables, highlighting its potential pivotal role in the future of global energy.
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The transportation sector emits about 24% of global CO2. Decarbonizing it requires a monumental industry shift, crucial for achieving global carbon neutrality.
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Globally, there are ambitious plans to increase hydrogen fuel production, seen as crucial for powering nations and reducing greenhouse gas emissions in the clean energy economy.
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Our Executive Director Daryl Wilson spoke to CNBC and said the hydrogen story has been unfolding in the last five years.
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