2050 scenarios vary on policy unknowns
Demand for low-carbon hydrogen in 2050 could be anywhere between 300mn t/yr and over 800mn t/yr depending on penetration into key sectors after 2030
Demand for low-carbon hydrogen in 2050 could be anywhere between 300mn t/yr and over 800mn t/yr, according to an analysis of various different organisations’ modelling and scenarios by Hydrogen Economist. Estimates for hydrogen’s share of total global energy use range between 5pc and 20pc. The wide range of projections is a result of uncertainties around future policy, sectoral strategies and the degree to which countries are able to achieve their nationally determined contributions (NDCs) to the Paris Agreement. Much of the uncertainty around the models’ projections comes in after 2030. Of the three main scenarios analysed by Hydrogen Economist—those of risk management group DNV, think tank
Also in this section
19 December 2024
More must be done to lower the cost of green hydrogen and its derivatives
18 December 2024
Central Asian country’s vast wind and solar resources have attracted a $50b electrolytic hydrogen mega-project aimed at exporting to Europe
17 December 2024
Sultanate prepares to offer international hydrogen project developers more land concessions but refines auction design as global industry sentiment cools
17 December 2024
Siemens Energy and Air Liquide collaborate on first commercial-scale electrolyser to be deployed at an industrial site in Europe