The region’s energy, manufacturing, and transportation industries could undergo a revolution thanks to green hydrogen, which would turn it into a global center for the so-called “energy vector of the future.” However, there are certain significant obstacles to its ongoing deployment that must be considered.
According to the China National Coal Association, “green hydrogen,” accounted for only 1% of China’s hydrogen production in 2020 due to high costs and emerging technologies. Coal accounted for two-thirds of China’s hydrogen production, while natural gas-generated hydrogen, or “blue hydrogen,” accounted for the remaining 19%.
Green hydrogen becomes important in this setting if emerging nations are to lower their emission intensity while maintaining the pace of economic expansion, according to scientists.
Marsh says that “solar and wind projects don’t provide a lot of jobs on an ongoing basis.” But the manufacture of green hydrogen provides employment. a great deal more than if you construct battery manufacturing.
According to the International Energy Agency, 40% of all energy-related emissions worldwide last year came from power plants.
Holland Hydrogen I, an electrolysis project near the Port of Rotterdam, has received Shell’s final investment decision (FID), launching the growth of a sizable hydrogen industry in the Netherlands.
According to a recent assessment by the International Renewable Energy Agency (IRENA), G7 states can take the lead in the deployment of a low-carbon and environmentally friendly hydrogen market.
Cop27: Egypt announced its intention to establish itself as a center for hydrogen production and capture 5% of the world market by 2040.
Securing globally acknowledged patents is essential for achieving “technological independence” and becoming a technical powerhouse for the hydrogen industry, through hydrogen intellectual property rights
The “breakthrough agenda” initiative’s actions are intended to lower energy costs and improve food security and are focused on sectors that account for more than 50% of the world’s greenhouse gas emissions.
