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hydrogen

Russia’s Blueprint to Capture 20% of Hydrogen Global Market

Anela DoksoBy Anela Dokso11/12/20232 Mins Read
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Russia has unveiled plans to ramp up its hydrogen production and secure a substantial 20% share by 2030. Ilya Torosov, Russian First Deputy Minister of Economic Development, disclosed this ambitious strategy during the 28th Conference of the Parties to the UN Framework Convention on Climate Change (COP28), underlining Russia’s commitment to positioning itself as a key player in the hydrogen landscape.

Torosov articulated, “We are developing the export sector of hydrogen production and plan to take hold of a fifth of the global market.” This announcement comes at a pivotal moment in global discussions on climate change, emphasizing Russia’s dedication to contributing significantly to sustainable and low-carbon energy solutions.

As part of this grand vision, Russia aims to achieve a production capacity of at least 550,000 tons of low-carbon hydrogen annually by 2030. The country has over 40 low-carbon hydrogen production projects in the pipeline, with a primary focus on regions such as northwestern Russia, Siberia, and the Far East. These areas are strategic not only for their hydrogen potential but also for their role in addressing regional energy demands and fostering economic growth.

The commitment to expanding hydrogen production aligns with global efforts to transition towards cleaner and more sustainable energy sources. Hydrogen, particularly the low-carbon variant, is gaining prominence as a crucial element in the journey towards a carbon-neutral future. Russia’s strategic push in this domain positions it as a key contributor to the global decarbonization agenda.

The COP28 event, hosting over 70,000 delegates from various countries, serves as a platform for nations to showcase their commitment to climate-related issues and present actionable plans. The Russian delegation, led by presidential envoy for climate-related issues Ruslan Edelgeriev, underscores the nation’s active engagement in the global dialogue on climate change.

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