Incentives are needed for both supply and demand, according to the IEA
Hydrogen demand growth needs new sectors
Demand must double by 2030 to be consistent with a net-zero emissions by 2050 scenario, says IEA
Hydrogen demand will reach 115mn t/yr by 2030, according to the IEA in its latest Global Hydrogen Review. Demand projections among other organisations are relatively consistent, with risk management group DNV foreseeing 131mn t/yr of demand by 2030 in its latest report, and thinktank the Energy Transition Commission estimating 120mn t/yr. All three forecasts are based largely around national and regional hydrogen strategies that lay out targets up to 2030—and all are low compared to what is needed, the IEA says. Some 130mn t/yr would be required by 2030 to meet existing climate pledges put forward by governments around the world, and nearly 200mn t/yr by the same date to be on track for net-
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