Hydrogen needs $133bn/yr under 1.5°C scenario – Irena

Hydrogen and its derivatives will contribute 10pc of total emissions reductions by 2050, agency says

Hydrogen technologies will require $133bn/yr of investment globally before 2030 if the world is to remain on track to limit global warming to 1.5°C this century, according to the International Renewable Energy Agency (Irena). At the Cop26 climate conference in Glasgow last year, 196 countries agreed to try to keep the goal of limiting global warming to 1.5°C this century alive. This will require huge investment before 2030 to avoid locking the world intro a trajectory of high emissions, according to the World Energy Transitions Outlook, published by Irena this week. Hydrogen accounts for c.3pc of the $3tn/yr that needs to be invested in the global energy complex before 2030, the report says,