BloombergNEF has just published its hydrogen market outlook for the first half of 2022
The report contains important findings for hydrogen producers, consumers and policymakers around the world.
Martin Tengler, Lead Hydrogen Analyst, BloombergNEF, says: "Forget about hydrogen cars. Hydrogen has a much stronger future in decarbonizing hard-to-abate industrial sectors. This year, just two industrial projects in China will use several times more clean hydrogen than the world's entire passenger fuel cell vehicle fleet."
"The amount of government funding becoming available to hydrogen keeps growing rapidly. At this pace, we are likely to see more than enough public money committed in a year or two from now to get the sector on track for strong growth and cost reduction by 2030."
"We need a clear, internationally accepted set of standards to measure greenhouse gas emissions related to hydrogen - from its production to its use and leakage - in order for users to quantify how much the hydrogen they use is contributing to decarbonization. Currently, most proposed or existing schemes fall short."
"Carbon prices are an essential tool to make clean hydrogen competitive against fossil fuels and to reach net zero. Unfortunately, most carbon pricing systems are lenient towards the sectors where hydrogen could play the largest role. This needs to change for clean hydrogen to reach its potential."
Find out more: https://about.bnef.com/
JOIN OUR MAILING LIST
Be the first to hear about exhibitors, speakers and what's on at our upcoming events.