Global warming is a serious problem right now. That is without a doubt the case. Carbon dioxide levels in the atmosphere are higher today than they have been in the last 800,000 years. This may not seem worrisome, but it represents some troubling realities.
The question still remains: How do fuel cell vehicles perform? That depends largely on the hydrogen used. If the fuel cell vehicles could use 100 percent green hydrogen, they would have a 76 percent better carbon footprint than combustion engines, according to the ICCT. So they would not be too far removed from electric cars in the optimal scenario.
Even if European carbon prices treble to €200 ($236), hydrogen generated from renewable energy would still struggle to compete with fossil fuels in the absence of additional government help.
We are already experiencing a hydrogen boom. It is expected to grow to a $175 billion business in five years and an unfathomably large $11 trillion market by 2050.
The global clean hydrogen market is expected to reach USD 2098.44 million in revenue by2026, expanding at a CAGR of around 14.01 percent over the forecast period.
Hydrogen is produced locally in various European industrial centres (Antwerp, Zeeland, Rotterdam), mainly from natural gas by steam methane reforming to produce grey hydrogen.
A survey of the literature on hydrogen in the Mediterranean was conducted, which included everything from European hydrogen policies and industries to think tank publications and academic research.
