Policy Pillar: Balancing sustainable and economic needs

Much like developments in the automotive sector, 2023 was something of a hybrid year for hydrogen. While we saw an encouraging, steady stream of supportive policies and partnerships, commercial realities continue to present challenges when it comes to execution and delivery.

For all green hydrogen’s much-trumpeted appeal in the plethora of visions and roadmaps, enduring demand for oil and gas means blue hydrogen will be the energy of choice in the near to medium-term, despite rising clamour for sustainable energy.

This pragmatic realism, in which decarbonisation expectations have been tempered, means the see-saw between sustainable and economic needs will continue to rock precariously.

Scaling up hydrogen will not be easy, especially as renewable hydrogen is dependent on wind, solar and water, where pressures exist across the board.

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