Governments must act now on hydrogen – IEA
Gap remains between current funding commitments and what is needed to achieve 2050 net-zero emissions goals
Around 350 projects under development could raise global electrolyser capacity to 54GW by 2030, according to the IEA’s Global Hydrogen Report. Global hydrogen supply from electrolysers could reach more than 8mn t/yr by 2030 if all those projects are completed. Sixteen projects for producing hydrogen from fossil fuels with carbon capture, utilisation and storage are operational, with a hydrogen output of 0.7mn t/yr. Another 50 projects are under development and could add 9mn t/yr to hydrogen production by 2030, bringing combined green and blue production to 17mn t/yr by that date. However, this is still well below the 80mn t/yr required by 2030 under the IEA’s pathway to net-zero CO₂ emissi
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
15 November 2024
Danish electrolyser firm stays focused on US expansion plans amid policy uncertainty in wake of Republican election victory