With the help of supported renewable energy investments, Turkey is expected to be able to produce 3.4 million tons of green hydrogen annually by 2050, according to a report prepared by the SHURA Energy Transformation Center in collaboration with the Bilkent Energy Policy Research Center and the German Energy Agency.
While a 4 billion dollar yearly investment is required for the manufacturing in question, it is estimated that around 8 billion dollars will be able to be given to the economy by the year 2050.
It is estimated that by 2050, Turkey will have a demand for 1.9 million tons of green hydrogen per year, resulting from the replacement of 10% of fossil fuels by green hydrogen in the manufacturing, natural gas, and transportation sectors.
Global net-zero emissions objectives for the year 2050, which are based on green hydrogen as a shared solution for decarbonizing the whole energy system, are being pursued. As a signatory to the Paris Agreement, Turkey needs more stable climate and energy transformation objectives for the period between 2030 and 2053, given that it has accepted the agreement.
It is intended to find potential uses for green hydrogen in order to better understand local consumption as well as prospective export prospects by examining the growth of energy demand in 81 Turkish regions from now until the year 2050.
INTERNATIONAL HYDROGEN COUNCIL HAS APPROACHED 130 MEMBERS
Murat Dilek, President of the Global Energy Association, stated that hydrogen is a form of energy carrier and that “hydrogen must be produced from an external source.” The high cost of hydrogen has been one of the most significant roadblocks to achieving long-term sustainability. While the cost of renewable hydrogen has reduced by around 80% in the previous decade, the cost of conventional hydrogen has increased by approximately 30%. When you look at it today, there isn’t much. In a number of European nations, hydrogen-powered combi boilers have begun to be deployed as part of a trial program,” the organization concluded.
As an example, Dilek said that the world’s hydrogen production capacity is predicted to expand by a thousandfold by 2040.
A sign of the growing relevance of hydrogen is the fact that the Hydrogen Council, which was created in 2017 with 13 members from 20 nations, has grown to include 130 members today. Astonishingly, among these members are oil-giant corporations, which is a rarity in this industry. Throughout the next several years, the importance of hydrogen will progressively expand. Low-cost hydrogen storage systems, as well as the development of high-performance hydrogen storage systems. It is very evident that hydrogen and hydrogen-based fuels will be high on our priority list in the future.”
