Hydrogen deployment must triple to reach net zero – DNV
Green hydrogen costs will fall significantly towards 2050 to $1.5/kg but more must be done, says research agency
Hydrogen is likely to satisfy just 5pc of global energy demand by 2050 under current policies, according to a new report by risk management company DNV. But this figure needs to rise to 15pc to be consistent with a pathway to net zero by 2050, it says. “Hydrogen is essential to decarbonise sectors that cannot be electrified, like aviation, maritime, and high-heat manufacturing and should therefore be prioritised for these sectors,” says DNV CEO Remi Eriksen. “Policies do not match hydrogen’s importance,” he adds. Policy forecast Global spend on producing hydrogen for energy purposes from now until 2050 will be $6.8tn under current policies, with an additional $180bn spent on pipelines and $5
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