Now is our chance to call on thought leaders in all sectors of the global economy to better understand and advocate for the incredible potential of this clean energy carrier. Here are just a few of the reasons why the time for hydrogen is now:
Hydrogen can help ensure a just transition
Tapping into the potential of this energy solution will result in the blossoming of a hydrogen economy, creating hubs around the planet that will be a multiplier for other industries. With the critical economic and societal benefits that will accompany these hydrogen and related investments, developing countries and disadvantaged areas will be transformed, ensuring that no one gets left behind in the global transition to clean energy.
Sometimes, only hydrogen is the solution
Hydrogen plays an incredibly important role in the decarbonization of industrial sectors where emissions are hard to abate, and alternative solutions just aren’t available or are difficult to implement. This includes sectors like steel, cement, and other heavy manufacturing, as well as highly energy-intensive industries like transport where, in some cases, batteries just aren’t practical. In these cases especially, unlocking the potential of hydrogen is essential to get us on track for Net Zero 2050.
Hydrogen is an enabler and a complement to other renewables
Many people think of alternatives like solar and wind power when it comes to replacing fossil fuels to address climate change. However, there is a growing understanding that these technologies are not enough to ensure energy supply and security, or to reach our decarbonization goals. Hydrogen can play a critical role in achieving all three. By complementing and supporting these clean energy sources, hydrogen secures our energy supply and improves the resilience of the energy system – dispelling the either/or perceptions of renewables in the process.
It’s clear that hydrogen solutions offer vital contributions in the world’s transition to clean energy. If we are to get on track to a Net Zero scenario, we must create the policies, infrastructure and investment opportunities needed to unleash the full potential of hydrogen. We need the support of policymakers to overcome existing market barriers to roll out hydrogen technologies on a large scale. And we need leaders from across every industry to advocate that by embracing clean hydrogen today, we’ll have more to celebrate on Earth Day in the years ahead.
About The Hydrogen Council
The Hydrogen Council is a global CEO-led initiative that brings together leading companies with a united vision and long-term ambition for hydrogen to foster the clean energy transition. The Council believes that hydrogen has a key role to play in reaching our global decarbonization goals by helping to diversify energy sources worldwide, foster business and technological innovation as drivers for long-term economic growth, and decarbonize hard-to-abate sectors.
Using its global reach to promote collaboration between governments, industry and investors, the Council provides guidance on accelerating the deployment of hydrogen solutions around the world. It also acts as a business marketplace, bringing together a diverse group of 140+ companies based in 20+ countries across the entire hydrogen value chain, including large multinationals, innovative SMEs, and investors.
The Hydrogen Council also serves as a resource for safety standards and an interlocutor for the investment community, while identifying opportunities for regulatory advocacy in key geographies.
To find out more visit www.hydrogencouncil.com and follow us on Twitter @HydrogenCouncil and LinkedIn.
For further information
Joanna Sampson, Communications Manager, Hydrogen Council